Wednesday, August 27, 2014

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

As the greenback has retreated again after faltering below this week's high of 104.28, retaining our view that further consolidation below this level would be seen, however, reckon downside would be limited to support at 103.50 and renewed buying interest should emerge around 103.20-25, price should stay well



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