Wednesday, April 22, 2009

USDJPY (98.70)

USDJPY is moving in a nice downward trend and looking to gradually take a dip below 97.00 level. Currently selling around 98.80 seems a good trade for initial target at 97.50 which can be further extended to 96.80 level

Recommended Trade Levels

Trade: Sell USDJPY @ 98.80
Stop: 99.30
Profit Target 1: 97.50
Profit Target 2: 96.80

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