Thursday, March 5, 2009

USDJPY (99.31)

USDJPY is looking to target 100 level at the moment and its upward trend seems to stay for another day or so. Currently traders wikl look to buy USDJPY around 98.50 for a nice move towards 100 level. More conservative traders might target entry around 98.00 level

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.50
Trade 2: Buy USDJPY @ 98.00
Stop: 97.50
Profit Target 1: 99.50
Profit Target 2: 100.00