Today Signal USD/JPY 15 AUGUST 2013
The greenback ended the session on Wednesday flat with a negative bais, versus the yen,
completing a range-bound session. The pair closed above crucial levels at 98.00; lower
end of the medium term bullish channel and the gains could extend to 99.70- 100.00 yen
in the near term. Important supports placed at 97.50- 98.00, close below which the
declines could extend to 96.00- 96.26. Buy the pair on dips.
TRADING RECOMMENDATIONS
LONG:
At 97.60 with a stop at 97.10 for a profit target of 98.70 Trade initiated at 3.45- 4.00AM GMT on 15th August 2013