Monday, November 3, 2014

Trade Idea: USD/JPY - Buy at 111.50

The greenback opened higher today and has maintained a firm undertone, suggesting recent upmove is still in progress and further gain to 113.00 and possibly 113.30 would be seen, however, overbought condition should limit upside to 113.50-60 and price should falter below 113.95-00 (2 times extension of 105.20-108.38



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