Quiet Session
TFI Markets | Jul 12, 2013 06:10AM ET
Friday’s trading session was quiet compared to previous sessions, with most currency pairs remaining in a tight range apart from the Japanese currency pairs with the USD/JPY hitting a high of 99.30 from a low of 98.65.
Trade Idea
USDJPY
The pair has been trading in a 100 pip range the last several sessions. The pair looks like it might break its resistance level of 99.40 and attempt to target the 100.00 mark once again. Failure to take out is resistance level could have the pair falling to the 98.30 level.
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