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26/02/2014: I have just taken my profit on USD/JPY long @ 102.220

Looking across the weakness in other pairs (EUR/USD and GBP/USD) in the past few minutes the selling pressure has begun to impact on Dollar/Yen. I have become worried by the recent sell off and the failure to break through 102.40 resistance.

I have decided to lock in 12 pips profit and reassess my outlook.

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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.