Daily Forecast - 14 August 2014
USDJPY
USDJPY edged slowly higher to finally reach our target & resistance at 102.60. This did hold as expected but the outlook remains positive today so shorts need tight stops above 102.70 for a move towards 102.90/95 & possibly as far as 103.05/10.
Immediate support is 102.35/25 & should hold the downside. However longs need stops below 102.20 for a retest of 102.05/00 & a buying opportunity with stops below 101.85.
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