Direction: long
Target: TP1 – 99,70
Protection: SL – 98,55
Our setup: 99,08
Background: The dollar fell toward a two-week low against
the yen before the FED announces today whether it will slow its $85 billion of
monthly asset purchases that have capped borrowing costs.
Technically we
see upside movement possibilty today against the falling trend since 11th
September. That could be a contratrend position. But we hope for th ebest
target level 99,70.
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