Wednesday, May 28, 2014

Trade Idea Update: USD/JPY - Buy at 101.40

Despite yesterday's rise to 102.14, lack of follow through buying on break of previous resistance at 102.12 and the subsequent retreat suggest consolidation would be seen and minor correction would take place, however, downside should be limited to 101.35-40 would bring another rise later. Above said resistance would extend the



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