Tuesday, September 17, 2013

Trade Idea: USD/JPY - Sell at 99.60

As the greenback has rebounded after falling to 98.45 yesterday, suggesting consolidation above this level is in store and mild upside bias is seen for recovery to 99.50-55 (50% Fibonacci retracement of 100.62-98.45), howeer, reckon 99.79 (61.8% Fibonacci retracement) would cap upside and bring another decline later. A break of



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