Friday, March 28, 2014

Trade Idea: USD/JPY - Hold long entered at 102.00

Dollar's retreat after failing to penetrate indicated resistance at 102.47-49 suggests further consolidation would be seen but as long as support at 101.72 (this week's low) holds, prospect of another rebound remains, above said resistance would signal pullback from 102.68 has ended and bring retest of this last week's high



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