Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 30 Dec 2015 08:46 GMT USD/JPY - 120.45 Despite dollar's retreat from 120.63 to 120.20 on Monday, subsequent erratic rise to 120.58 today in in Europe today suggests further sideways swings above last Friday's 7-week bottom at 120.05 would continue, as long as 120.72 (previous sup, now res) holds, outlook remains mildly bearish for recent decline to resume to 119.91/96, loss of momentum should keep price above daily sup at 119.62. A

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