Jamie's Pick: 03/08/12
“Early March action warrants a long USDJPY position with a stop below 8000. I’ve no idea if the advance will extend from current levels but the reward/risk is favorable as the next objective isn’t until the 100% extension of the February rally from 8001 / July 2011 low at 8550.” Risk on longs can be moved up to 8055. 8140 is support today.
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