Thursday, October 30, 2014

Trade Idea Wrap-up: USD/JPY - Buy at 108.50

As the greenback has retreated after intra-day brief rise to 109.36, suggesting minor consolidation below this level would be seen and pullback to the Kijun-Sen (now at 108.69 also same level as 38.2% Fibonacci retracement of 107.61-109.36), however, reckon 108.48 (50% Fibonacci retracement) would limit downside and bring another



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