Tradeplicity
Short

USD/JPY Freefall?

FX:USDJPY   U.S. Dollar/Japanese Yen
26 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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