Tuesday, November 26, 2013

Trade Idea: USD/JPY - Buy at 101.00

Although the greenback has rebounded after finding support at 101.15, above resistance at 101.92 is needed to signal recent upmove has resumed and extend further gain towards 102.40-50 (100% projection of 97.60-100.43 measuring 99.57) but reckon 102.90-00 would hold from here due to losing upward momentum. If said resistance continues



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