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Tuesday, September 17, 2013

USDJPY BREAK AND TEST OF SYMMETRICAL TRIANGLE PATTERN





As we can see that USDJPY successfully broken out of the triangle and retested the falling trendline and found support near 98.50 area.
Here we can buy the pair with stop loss of 98.50 and target of 100.54




For taking a safe side buy the pair above 99.36 when it clears this short term falling trendline.


please comment. I am dying to see any comments in my blog. :-)

6 comments:

  1. CURRENCY TIPS FOR TODAY
    MCX-SX CALL: BUY USD/INR (DEC.) ABOVE 62.60 TG- 62.45/62.25/61.95 SL-62.90
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  5. USD/INR (29 OCT.) TREND: CONSOLIDATE RES 1: 62.10 RES 2: 62.30 SUPP 1: 61.70 SUPP 2: 61.50 STRATEGY: BUY ON DIPS
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