Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 24, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 24 Nov 2015 08:41 GMT USD/JPY - 122.55 Despite last week's rally from Monday's low at 122.22 to a fresh 12-week peak at 123.77 on Wednesday, subsequent retreat to 122.62 last Thursday and intra-day breach of this level confirms a temporary top has been made there and consolidation with downside bias would be seen for weakness towards 122.38/40, then to 122.21. However, loss of momentum should keep price above 121.90/00 and yield recovery.

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