Thursday, November 20, 2014

Trade Idea: USD/JPY - Buy at 118.00

As the greenback has rallied again after brief pullback, adding credence to our view that medium term upmove is still in progress and further gain to 119.00-10 is likely, however, near term overbought condition should prevent sharp move beyond 119.50-55 (2 times extension of 115.46-117.05 measuring from 116.34),



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