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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 12 Jan 2016 08:18 GMT USD/JPY - 117.36 Dollar's rally after an initial selloff to a fresh 4-1/2 month trough at 116.69 ahead of Asian open yesterday signals recent decline has made a temporary low there and despite intra-day retreat after testing New York resistance at 118.03, reckon support at 117.19 would hold and upside bias remains for another leg of correction to take place towards 118.50/60 later. On the downside, only below

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