Tradeplicity
Short

USD/JPY Freefall?

FX:USDJPY   U.S. Dollar/Japanese Yen
27 0 0
We hit both of our targets to the pip as anticipated on the USDJPY             pair. Our bearish view of the S&P             has also come to fruition. The USDJPY             is sitting on a major support that if broken could lead to a nice drop to 110 area. If you have limited capital to play the S&P             , the USDJPY             has been well correlated to the recent price action             of the indices. We will be building our position on rallies for further weakness in this pair. Good luck

nvestUcapital
-Don't fight the markets, Just react
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