Friday, April 10, 2015

Trade Idea Wrap-up: USD/JPY - Stopped profit and stand aside

Despite rising to 120.74 yesterday (just missed our upside target at 120.80), as the greenback has retreated from there on active cross-buying in yen, dampening our bullishness and suggesting top has possibly been formed there, hence consolidation with mild downside bias would be seen, however, break of support at 119.86



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