20 February 2013

USD/JPY : Finally, Some Guidance

  • Price action for USD/JPY has finally given rise to some reference points for us to make some semblance of a short term trading plan. Daily chart in a triangle consolidation.
  • Trade : 1. Buy dip to 92.33 and 2. buy upside break of 94.10. GTC orders in.
  • Current levels (apx 93.30) is smack in the middle of nowhere. Stand clear.

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