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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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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.