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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 18 Jan 2016 08:36 GMT USD/JPY - 117.35 Despite dollar's selloff to a fresh 4-1/2 month trough at 116.51 last Friday, intra-day rebound suggests a temporary low has been made and consolidation with upside bias would be seen for gain towards 117.60 (previous support, now resistance), above would add credence to this view and retain bullishness for gain towards 117.93. However, price should hold well below resistance at 118.28 and yield

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