Friday, November 29, 2013

Trade Idea Update: USD/JPY - Buy at 101.55

As the greenback has retreated after rising to 102.61, suggesting consolidation below this level would be seen and pullback to previous resistance at 101.92 cannot be ruled out, however, reckon 101.50-55 (38.2% Fibonacci retracement of 99.79-102.61) would limit downside and bring another upmove later, above said resistance at 102.61 would



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