As expected Yen has been supported at 114.60 and we have initiated a buy position at the intended 114.70. For now we would expect the currency to break above 115.20 to test 116.00. So prefer holding our buy position for the above said target to be reached. Amend stop to entry on break above 115.00.
Hold buy @ 114.70 for an open target, with stop below 114.40.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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