Trade Ideas/USD/JPY

USD/JPY: Sitting on support on 93.15

The market is currently sitting right on previous highs which have become support, at 93.15. Yesterday one of the shorter-term hedge funds suggested that if 93.15 breaks, they will look for selling opportunities keeping subsequent stops above 94.20 and targeting levels near 89.00.

Edit: Now broken so look to sell any rallies back to 93.40 with stops above 94.20.

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