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Intraday forecastUS Dollar / Japanese Yen technical chart
SymbolUSDJPY
Release TimeMay 3, 2007 - 17:35
Advisebuy (limit) above S1=119.95
Intraday
Short term
Yesterday range
Yesterday high
Yesterday low
Yesterday close
R3121.16
R2120.56
R1120.36
S1119.95
S2119.75
S3119.15
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.95.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=119.75.
In this situation, there is an expectation to reach the target S3=119.15.
Set the stoploss of reverse orders at breakout of S1=119.95.

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