Tuesday, October 29, 2013

Trade Idea Wrap-up: USD/JPY - Buy at 97.60

As the greenback has rallied after holding just above the Ichimoku cloud top, adding credence to our view that a temporary low has been formed at 96.94 and consolidation with upside bias remains for retracement of recent decline to 98.20-25 (61.8% Fibonacci retracement of 99.01-96.94), above there would bring further



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