Friday, May 1, 2009

USDJPY (98.60)

It seems that USDJPY has touched its target at 99.00 level and we might
see a dip by USDJPY towards 97.50 level and then a rise from that level
again. Traders will look to buy USDJPY around 97.50 level and a very good
support is present at 97.60 level. If USDJPY manages to break 99.00 level,
then we might see USDJPY touching 99.70

Recommended Trade Levels

Trade: Buy USDJPY @ 97.60
Stop: 97.10
Profit Target 1: 98.30
Profit Target 2: 98.80