Tuesday, April 14, 2015

Trade Idea: USD/JPY - Buy at 119.35

Dollar's sharp retreat from 120.85 signals a temporary top has been formed there and consolidation with mild downside bias is seen for further weakness to 119.50, however, reckon 119.30-35 would limit downside and bring rebound later. Above the Kijun-Sen (now at 120.24) would bring test of resistance at 120.43, break



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