Monday, August 31, 2009

USDJPY (93.56)

USDJPY is moving in a very nice downward trend. It currently seems that
USDCAD will keep its downward momentum and traders will look to sell it
around 93.90 level. Initial target will be around 93.20 level, which
traders might extend to 92.80 level.

Recommended Trade Levels

Trade: Sell USDJPY @ 93.90
Stop: 94.30
Profit Target 1: 93.20
Profit Target 2: 92.

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