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13/02/2014: Sold USD/JPY @ 101.922

I have just used the intraday bounce as a chance to sell Dollar/Yen.

The break below 102.00 completed a top pattern that targets the low around 101.20 (72.2 pips)

I have set my stop at 102.25 (32.8 pips) which is above the reaction high and resistance at 102.22

USDJPY   13022014

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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.