USDJPY saw light profit taking as expected but held a few pips above support at 101.93. If however we continue lower today use 101.75/70 as a buying
USDJPY Daily Forecast - 11 February 2014USDJPY saw light profit taking as expected but held a few pips above support at 101.93. If however we continue lower today use 101.75/70 as a buying opportunity with stops below 101.50.
Immediate resistance at 102.55/60 could hold a move higher again today. However be ready to go with a break above 102.70 for a move towards 102.90/95 possibly 103.05/10 & a selling opportunity at this stage.
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