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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 05 Feb 2016 08:32 GMT USD/JPY - 116.92 The greenback's sharp selloff to as low as 116.53 yesterday on dollar's broad-based selloff 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 116.10/20, however, over sold condition would prevent steep fall below there and reckon price would hold well above support at 115.97. On the upside,

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