Wednesday, October 1, 2014

Trade Idea: USD/JPY - Buy at 109.15

As the greenback has risen again after brief pullback, suggesting recent upmove is still in progress and further gain to 110.20-25 and possibly 110.50 would be seen, however, overbought condition should prevent sharp move beyond 110.70-75 and reckon 111.00-10 would hold from here, risk from there has increased



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