Wednesday, April 2, 2014

Trade Idea: USD/JPY - Hold short entered at 103.80

Although the greenback extended recent rise above previous resistance at 103.76 and rose to as high as 103.94, as price has retreated after faltering 103.95-00 (61.8% projection of 101.72-103.44 measuring from 102.90), consolidation with mild downside bias is seen, below the Kijun-Sen (now at 103.58) would bring test of the



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