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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 04 Feb 2016 08:35 GMT USD/JPY - 117.76 The greenback's sharp selloff to as low as 117.06 yesterday on dollar-negative comments from New York Fed President William Dudley confirms recent upmove has formed a temporary top at last Friday's 1-month peak at 121.70 and consolidation with downside bias would be seen for weakness towards 116.69/70., However, over sold condition would prevent steep fall below there and reckon price would hold

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