Monday, April 27, 2009

USDJPY (97.11)

USDJPY is moving in a nice downward trend and looking to gradually take a
dip below 96.00 level. Currently selling around 98.50 seems a good trade
opportunity. Initial profit target will be somewhere below 97.00 level
which can be extended below 96.00 level.

Recommended Trade Levels

Trade 1: Sell USDJPY @ 98.50
Trade 2: Sell USDJPY @ 99.75
Stop: 100.10
Profit Target 1: 97.00
Profit Target 2: 95.50