Thursday, January 22, 2015

Trade Idea: USD/JPY - Sell on break of 117.18

Although dollar has rebound after finding support at 117.18 and gain to 118.50 cannot be ruled out, as outlook remains consolidative, reckon upside would be limited to 118.87 and price should falter below 119.35-40, risk from there is seen for another retreat to take place later. A break



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