Monday, April 28, 2014

Trade Idea Update: USD/JPY - Hold short entered at 102.40

Although the greenback recovered after falling briefly below 102.00 and consolidation above Friday's low of 101.96 would be seen, as long as resistance at 102.50 (Friday's high) holds, near term downside bias remains for the fall from last week's high of 102.73 to extend weakness towards support at 101.87 but



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