Tuesday, February 3, 2009

USDJPY (89.48)

USDJPY seems to target 88.50 next and traders will look to sell USDJPY around 89.85 level. RSI is at 44 in daily charts and don't seems to play much part in USDJPY movement at the moment. Traders looking to target larger profit will look to target 87.50 level.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.85
Stop: 90.35
Profit Target 1: 88.85
Profit Target 2: 87.85

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