Tuesday, August 26, 2014

Trade Idea: USD/JPY - Sell at 104.60 or buy at 103.20

Although the greenback has retreated after yesterday's rise to 104.28 and consolidation below this level would be seen, reckon downside would be limited to support at 103.50 and renewed buying interest should emerge around 103.20-25, price should stay well above previous resistance at 103.09 and bring another rise later, above



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