Friday, December 12, 2014

Trade Idea: USD/JPY - Buy at 118.30

Yesterday's rebound to 119.56 suggests a temporary low has possibly been formed at 117.44 earlier this week and consolidation with mild upside bias is seen for test of 119.60-65 (50% Fibonacci retracement of 121.85-117.44), then test of resistance at 119.92, however, above there is needed to add credence to this



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