Thursday, November 27, 2014

Trade Idea Update: USD/JPY - Buy at 116.85

As the greenback has fallen again after brief recovery, retaining our view that near term downside risk remains for the fall from 118.98 top to bring retracement of recent upmove and weakness to 117.20-22 (50% Fibonacci retracement of 115.46-118.98), then previous resistance at 117.05 would be seen, however,



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