Thursday, March 4, 2010

USDJPY (88.40)

USDJPY is nicely heading towards 88.00 level and currently a good selling level can be see just around 88.70 level for a nice intra-day trade. Once USDJPY manages to break below 88.00 level, we will be looking it targeting 87.40 level next.

Recommended Trade:

Sell USDJPY @ 88.70
Stop @ 89.20
Profit 1 @ 88.00
Profit 2 @ 87.40