Trade Alert: Sell USD/JPY

I am usually not too keen on trading intra-day and on the shorter time frame charts, but this pair has approached minor resistance on a smaller time frame, so I am going to see if I can catch a few pips:

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CIS* Alert Service UPDATE (C011AS)

Date:  Friday, July 30, 2010

Action:   Sell 2 unit USD/JPY at current market levels (0.86.604)

Stop Loss:  86.810

Take Profit:   0.86

CIS* Complimentary Investment Strategy
: af

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From the Desk of
Aaron Reid
Forex Strategist