Friday, May 30, 2014

Trade Idea Update: USD/JPY - Buy at 101.15

This week's retreat from 102.14 suggests the rise from 100.82 has formed a top there and near term downside risk remains for correction of this move to 101.30-35 (61.8% Fibonacci retracement of 100.82-102.14), however, downside should be limited to 101.00-05 and bring another rebound later. Above the Ichimoku cloud top



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