Thursday, July 31, 2014

Trade Idea Wrap-up: USD/JPY - Buy at 102.35

As dollar has retreated after faltering below yesterday's high of 103.09, retaining our view that minor consolidation would be seen and pullback to 102.55-60 cannot be ruled out, however, reckon 102.30-35 would limit downside and bring another rise later, above said resistance at 103.09 would extend recent rise to 103.30



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