Thursday, May 29, 2014

Trade Idea Wrap-up: USD/JPY - Buy at 101.15

Although the greenback has fallen again after intra-day brief bounce, suggesting near term downside risk remains for correction of the rise from 100.82 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 (now at 101.82-89) would



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