Steve Lucas from 3c Analysis is looking to sell Dollar Yen as the rally has now stalled at the 100-day average for the second time this month. He also adds that yesterday saw the worst loss in nearly three months. Steve says the sequence of higher daily-lows has been ended and now expects a bounce, as the market is oversold. As a result, Steve is looking to sell on the open and at 97.30. He is placing a stop at 97.71 and 98, and his targets are 95.92, 95 and 93.79. The yen hit a two-week high against the dollar this week, after posting its biggest rally in more than two months as investors scrambled for safety amid heightened tensions in Syria.
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