Wednesday, December 3, 2014

Trade Idea: USD/JPY - Buy at 118.60

Yesterday's breach of previous resistance at 119.14 confirms recent upmove has resumed and further gain to 119.50-60 would be seen, however, near term overbought condition should prevent sharp move beyond 119.75-80 and prie should falter below psychological resistance at 120.00, risk from there has increased for a correction



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