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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    DAILY MARKET OUTLOOK Update Time: 14 Jan 2016 09:46 GMT USD/JPY - 117.87 Although dollar's cross-inspired decline from yesterday's 118.38 high to as low as 117.30 in Asian morning suggests early correction from Monday's fresh 4-1/2 month trough at 116.69 has ended, intra-day strong bounce to 118.18 in Europe due to recovery in Asian equities signals choppy sideways trading would continue. As long as 118.38 holds, downside bias remains for subsequent weakness to

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