Blindfoldedmonkey: USDJPY DAILY STRATEGY

Wednesday 9 October 2013

USDJPY DAILY STRATEGY

Direction: long
Target: TP1 – 97,80
Protection: SL – 96,80
Our setup: 97,33



Background: The yen after a long period started the weaken against the green back currency. This morning made a breakout from the previous level. And our bet for today is a further bullish movement to the first resistance level 97,80. If it is taken might be the next key level at 98,40.

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