Friday, February 4, 2011
USDJPY in gradually downward trend
USDJPY is moving in a nice gradual downward trend and currently providing the intra-day traders good opportunity to trade with small targets. Currently another such entry can be seen around 81.85 level for target 81.15 level. A short stop is also suggested with this entry.
On the upper side, if the move is extended towards 82.50, then long term traders might get some opportunities to sell around this level for long term trade.
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