Yen did not get to our sell level placed at 111.40 but traded in a range between 110.50 and 111.30 and for now any move higher should be restricted below 111.50 levels for a consolidation with downward bias towards 110.50 levels. Prefer to initiate sell at 111.50 for the above said target to be reached. Amend stop to entry once 30 pips is achieved in the profit side.
Sell @ 111.50 for 110.50 with stop above 111.80.
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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