Thursday, January 15, 2009

USDJPY (89.04)

USDJPY is moving nicely in its downward trend and seems to stay that way for for next couple of days.

Traders will look to sell USDJPY around 89.80 for initial target of 100 pips.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.80
Stop: 90.30
Profit Target 1: 88.80
Profit Target 2: 88.35

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