Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 23 Oct 2015 08:14 GMT USD/JPY - 120.35 Despite the greenback's sharp selloff below September's trough at 118.60 to 118.06 last Thursday, subsequent rally to 120.99 today on the release of upbeat U.S. housing and jobless claims data confirms the erratic decline from 121.75 has formed a temporary low there and consolidation with upside bias would be seen for a stronger retracement towards 121.20/24, then to 121.57. However, loss of momentum

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