Friday, August 29, 2014

Trade Idea: USD/JPY - Buy at 103.20

Dollar's consolidation after this week's initial rise to 104.28 is expected to continue and although near term downside risk remains for the retreat from said this week's high to bring retracement of recent rise to support at 103.50, reckon renewed buying interest would emerge around 103.20-25, price should stay well



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