USDJPY
The
US employment rate report on the last friday was unexpectedly low
offering a good opportunity for short positions. We expect to see a
new rally above 111.00 this week caused by the last week’s oil
price highs.
Suggested trade for the next 8 hours is short:
entry @110.55, exit @110.15 and stop loss @110.80.
Long term trades for this week should target 111.00 with
entry around 109.60.
Good luck and a good trading
week!
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