No change in view, Yen decline should have a retracement till 114.50 levels and there will be a continued decline towards 112.50 levels. We now prefer to sell the pair on any raise near 114.35 for a decline towards 113.00 min and even 112.50.
Sell @ 114.35 for 113.00 with stop above 114.65
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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