Monday, September 1, 2014

Trade Idea Update: USD/JPY - Buy at 103.70

Current break of last week's high of 104.28 confirms recent upmove has resumed and further gain to 104.60-65 (50% projection of 102.14-104.28 measuring from 103.56) would be seen, however, loss of upward momentum should prevent sharp move beyond 104.88-95 (61.8% projection and 50% projection of 101.51-104.28 measuring from 103.56) and reckon 105.00 would cap upside



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