Tuesday, June 3, 2014

Trade Idea: USD/JPY - Buy at 101.70

Yesterday's rally above previous resistance at 102.14 confirms the rise from 100.82 is still in progress and further gain to 102.48-50 (50% Fibonacci retracement of 104.13-100.82) and possibly towards 102.75-87 (100% projection of 100.82-102.14 measuring from 101.43 and 61.8% Fibonacci retracement) would be seen, however, near term overbought condition should



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