Friday, May 6, 2011

Trade Idea Wrap-up: USD/JPY – Buy at 80.05



As the greenback has retreated after intra-day rise to 80.95, suggesting consolidation with mild downside bias would be seen and test of 80.34-38 (current level of the Kijun-Sen and Ichimoku cloud top) cannot be ruled out, however, as a temporary low has been formed at 79.57 yesterday, downside should be

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