USDJPY (91.38)

Mark Ryan Zeidus from Z2FX at 01/13/10

USDJPY seems to be heading towards 90.20 level and mostly traders will be interested in selling USDJPY on rise to retracement and  first such opportunity can be currently seen around 91.60 level for a nice intra-day trade. Extension of retracement can be seen to 92.30 level.

Recommended Trade:

Trade 1: Sell USDJPY @ 91.60

Trade 2: Sell USDJPY @ 92.30

Stop @ 92.80

Profit @ 90.30