Monday, June 8, 2009

USDJPY (98.84)

USDJPY is moving towards it target at 98.80 and break of that important
level will set up scenario for target at 101.30 level. Currently traders
will look to buy USDJPY around 98.25 level and if required, it can be
averaged out around 97.60 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.25
Trade 2: Buy USDJPY @ 97.60
Stop: 97.10
Profit Target 1: 99.25
Profit Target 2: 99.75