Monday, September 1, 2014

Trade Idea: USD/JPY - Buy at 103.70

Although the greenback has maintained a firm undertone after staging a rebound from last week's low of 103.56, break of last week's high of 104.28 is needed to signal recent upmove has resumed and extend gain to 104.60-65 (50% projection of 102.14-104.28 measuring from 103.56) but loss of upward momentum



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