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Trade Idea: USD/JPY - Sell At 90.50, O.C.O. Buy At 88.40 - forex fx daily current outlook

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Old 01-27-2010, 06:06 AM
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Join Date: Sep 2008
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Default Trade Idea: USD/JPY - Sell At 90.50, O.C.O. Buy At 88.40

The greenback has continued to move lower and the decline from 93.78 top is likely to extend weakness to 88.83, however, oversold condition should prevent sharp fall below there and reckon support at 88.32 (also below 100% projection of 93.78 to 90.31 measuring from 91.88 at 88.41) would attract buying...

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