Friday, August 21, 2009

USDJPY (94.14)

USDJPY is moving in a nice gradual downward trend and is currently
heading towards 93.00 level. Traders with short trading range seems to
have lots of trading opportunities at the moment. Currently selling
USDJPY around 94.35 seems a nice trade.

Recommended Trade Levels

Trade 1: Sell USDJPY @ 94.35
Trade 2: Sell USDJPY @ 95.30
Stop: 96.00
Profit Target 1: 93.80
Profit Target 2: 93.00