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Guest Commentary: A Renewed USD/JPY Buying Opportunity

Guest Commentary: A Renewed USD/JPY Buying Opportunity

2014-01-27 21:45:00
Todd Gordon, Technical Strategist
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Revised Long Set-up for USD/JPY

  • Trade: Buy USD/JPY between 102.00-102.50 (but no lower than 101)
  • Stop Loss: Place stop at 100.85
  • Trade Target: First target is at 104.75 (take half profits); second target is at 105.40
  • Trade Management: Move stop to break even if price reaches 104.75

See related: A USD/JPY Long with Healthy Validation

By Todd Gordon, founder, TradingAnalysis.com

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