UPDATE USDJPY DAILY CHART AS OF AUGUST 23RD 2013

As expected price reacted to daily demand zone between 96.00 - 95.80 and had a bullish run up to 99.00 level.

I am expecting price to drop around 100 to 125 pips towards newly formed daily demand zone between 97.50 to 97.75 and then continue it's bullish run up to my target of 100.50. Currently price is around 190 pips shy of my target and I am expecting price to reach it before September 2nd.


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