Monday, March 3, 2014

Trade Idea: USD/JPY - Stand aside

Failure to extend Friday's rebound from 101.55 and the subsequent selloff signals the decline from 102.83 is still in progress, downside risk remains for further weakness to 101.00-05, however, only break of previous support at 100.76 would retain bearishness and signal early decline from 105.44 has resumed, then further fall



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