111 and 110.9 are pretty strong support levels. Pretty big day for this pair. Could hit close to a 100 pip move. Holding some longs from the 111.15-111.3 area. Placing some stronger positions at 111 and 110.9. I don't think this pair has much gas in the tank for a bearish move. Like the other yen pairings, they've been dropping fast and hard this week. Not convinced it's time to abandon ship on some short term longs.
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