Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 20 Jan 2016 08:10 GMT USD/JPY - 116.78 Dollar's yesterday's rally above Tuesday's high at 117.44 to 118.11 in European morning, intra-day selloff and subsequent breach of last Friday's fresh 4-1/2 month trough at 116.51 signals recent erratic downtrend has resumed and consolidation with downside bias would be seen for weakness towards 116.15/20. However, loss of momentum should keep price above support at 115.85 and yield

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