Friday, June 27, 2014

Trade Idea: USD/JPY - Hold short entered at 102.10

As the greenback has dropped again today and broke below indicated previous support at 101.43, adding credence to our view that the rebound from 100.82 has ended at 102.80 earlier and bearishness remains for the fall from there to extend weakness to 101.10-20, however, oversold condition should prevent sharp fall



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