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25/02/2014: I have just bought USD/JPY @ 102.097

The dip in today’s price action has once more bounced from the pivot level around 102. This gave me a chance to buy again.

I see little reason to suspect that the range broadly between 102 and 102.83 will not continue for now. I expect the rate to rally once more towards the upper portion of the band.

I have placed my stop at 101.75 (35 pips) which is under the support around 101.80

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