Tuesday, February 24, 2015

Trade Idea: USD/JPY - Stand aside

Despite yesterday's brief rise to 119.84, the subsequent retreat on dollar's broad-based weakness due to dovish comments from Yellen suggests further consolidation would be seen and weakness to 118.50 cannot be ruled out, however, only break of support area at 118.23-30 would retain bearishness and extend the fall from 120.48 to 118.00 first.



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