Thursday, October 30, 2014

Trade Idea Update: USD/JPY - Buy at 108.55

As the greenback has rallied overnight after Fed's Monetary Policy Statement, adding credence to our view that early fall from 110.09 has ended at 105.20 and bullishness remains for further gain to 109.50-60, however, break of resistance at 109.90 is needed to confirm upmove has resumed for retest of 110.09



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