Monday, April 13, 2015

Trade Idea: USD/JPY - Stand aside

As the greenback has rebounded again after finding renewed buying interest at 120.05 on Friday, suggesting a retest of last week's high o120.74 would be seen, above there would extend recent rise from 118.33 to 121.00, however, loss of upward momentum and active cross-buying in yen should prevent sharp move



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