Yesterday’s rally and the breach of resistance at 84.74 confirms recent upmove from record low of 76.25 has resumed and may extend further gain to 85.75 and possibly towards 85.95/00 (100% projection of 82.57 to 84.74 measuring from 83.80), however, near term overbought condition should prevent sharp move beyond there
April 06, 2011
Trade Idea: USD/JPY – Buy at 84.75
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