Monday, February 10, 2014

Trade Idea: USD/JPY - Buy at 101.60

Although dollar has rebounded after holding above the upper Kumo, reckon resistance at 102.64 would limit upside and bring another retreat, below the lower Kumo (now at 101.94) would risk weakness towards 101.60 but support at 101.45 (Friday's low) should remain intact, bring another rise later. A break of said



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