Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 18, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 18 Dec 2015 08:14 GMT USD/JPY - 121.80 Despite a brief but sharp rise to 123.58 in Asian morning after the Bank of Japan extend its QQE period, subsequent selloff suggests the near term rise from Monday's low at 120.35 has made a temporary top there and consolidation with downside bias would be seen for weakness towards 121.35/38. However, near term loss of momentum would prevent steep fall below there and reckon support at

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