Friday, April 30, 2010

USD/JPY's moving averages

USD/JPY's moving averages are back to bullish and with prices holding above these this week a cautious upside probe should be allowed for either today or Monday says trader. However she cautions to watch for signs of topping in the rate and for a trading strategy favors selling around 94.00, with a stop above 94.85 for downside targets of 93.60 and 92.60. USD/JPY now at 94.15.

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