USDJPY- Bearish channel has been broken..Look for 111.90+

FX:USDJPY   U.S. Dollar / Japanese Yen
60 0 3
UJ seems to complete its correction from top@111.88 & bearish channel broken was first clue ...One should go long@111.20 for targets 111.90 & above 112 as 112.60--112.75. Strict Stop loss@110.64
Trade active: The pull back from 111.474 to current levels 111.066 looks like pull back for the rally- with stop loss intact@110.64 - once UJ crosses 111.35 -we should look for 112.30--112.50 as our new target. Target has been modified because of the recent pullback from 111.474 to current levels 111.066. Regards
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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