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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    DAILY MARKET OUTLOOK Update Time: 17 Dec 2015 08:51 GMT USD/JPY - 122.41 Despite a brief retreat to 121.38 after the Federal Reserve hiked its interest rate by 25 basis points, subsequent rally to 122.64 today suggests recent upmove from Monday's low at 120.35 has resumed and consolidation with upside bias would be seen for gain towards 122.70/80, then to 123.09/10. However, near term loss of momentum would keep price below 123.48 and yield correction later

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