USDJPY setting itself for a dip towards 89.30
Muhammad Zeeshan Ali from AMZ Capital at 01/29/10
USDJPY: (90.21)
USDJPY is setting itself for a very nice dip. Although it did took some dips and recovered back during last few days but still it seems to set itself up for a very nice dip towards 89.30 level. Initially anything above 90.35 level seems a good sell and if USDJPY extended its upward move, then a very good long-term sell can be seen around 91.00 level. USDJPY will initially look to dip towards 89.30 level, break of which will set 88.65 as next target level.
TRADE:
Sell USDJPY @ 90.35 and Sell again (if required) at 91.05 for Profit Level @ 89.30 with Stop @ 91.40 level. Profit target can be extended to 88.65
