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  1. #1
    Junior Member nick_ross's Avatar

    USD/JPY Short Term Trades !!!

    I am opening this thread for everybody to share your ideas about short term (up to daily binary expiry) trades on the USD/JPY pair. I will start here with my view about this particular market as for now. I think we are in a local deep with ADX indicator showing oversold conditions on daily, H4 and H1. So I think it is great moment to enter into call options on Monday morning with hourly or four hour duration, possibly longer term options up to one week will end in the money too.

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  2. #2
    Master Member vinayakm's Avatar
    In Asian trading on Monday, the USD/JPY slumped 0.30% to 97.17. Support seems to be set at the 96.11 zone (the August 9 low) and the pair is likely to find resistance at Wednesday's high of 98.07.

    Last week, the yen surged 0.93% against the greenback.

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