Monday, July 28, 2014

Trade Idea Wrap-up: USD/JPY - Hold short entered at 101.70

Although dollar has eased after faltering below Friday's high of 101.94, break of previous resistance at 101.60 is needed to suggest top is possibly formed, bring test of 101.32 support, break there would signal the rebound from 101.09 has ended and subsequent weakness towards indicated support at 101.07-09 would follow,



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