No change in view, Yen did not get to our sell level at 112.00 but declined in line with our forecast and for now the current decline should find some support around 110.70 levels for a corrective rally towards 112.00 and we now prefer to initiate a buy on dips near 110.70 for the above said target to be reached. Amend stop to entry on break above 111.00 levels.
Buy @ 110.70 for 111.70 min and even 112.00 with stop below 110.40.
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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