Wednesday, October 23, 2013

Trade Idea: USD/JPY - Sell at 97.85

Despite yesterday's brief bounce to 98.49 on cross-selling in yen, current selloff and the breach of previous support at 97.55 confirms the decline from 99.01 has resumed and further weakness to 97.20, then towards 96.95-00 would be seen, however, near term oversold condition would limit downside and reckon support at



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