USDJPY Long Term trade setup

Good afternoon,

So, USDJPY. Current situation can not last long as market this days already in the overbought zone. Correction can strike at any moment, even if the price will rise by another 100 or 150 pips. In no case do not propose to sell the greenback on any rates, but I suggest to consider buying the dollar against the yen at the retracement around  84.70 / 85.40 with a Long Term goal during this year as 101.75 yen against dollar.

Views: 131

Comment by White Rabbit on January 21, 2013 at 2:43pm

Comment by White Rabbit on January 21, 2013 at 2:44pm

Comment by Sundaram on January 21, 2013 at 2:48pm

Totally agree with you!

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