Wednesday, April 11, 2007

USDJPY 4-11-07

4-11-07

USDJPY

The long trade from 1.1880 was partially exited at 1.1920 and then closed yesterday at 1.1893. The 1.1920 area of supply is proving to be a problem for the USDJPY. I will pass on trading the USDJPY until it pulls back to 1.1836, or rallies past 1.1920 and pulls back to that demand level.

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