USDJPY: Trading signal

Friday, October 25, 20130 comments

Entering long USD/JPY as Dollar weakness once again caps the topside due to FED Taper delays and Nikkei losses on the 25th of October. The downside minor support as been tested and whilst we are below the 200 Daily Moving Average I believe the USD weakness is near the end and that a rally into the new year a natural move especially if any US data surprises or EUR/USD reverses from quite high levels above 1.3800. Target is 99.974 and stoploss is 95.60.
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