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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    DAILY MARKET OUTLOOK Update Time: 15 Feb 2016 09:07 GMT USD/JPY - 113.82 Although intra-day broad-based rally in Asian stocks (except China) has pushed dollar above Fri's 113.53 high (New York) to 114.10, confirming recent downtrend has indeed formed a temporary low at last Thursday's 15-month trough at 110.99, near term overbought condition would prevent strong gain above 114.21/26 and yield subsequent retreat. Below 113.17/27 (previous res area, now sup) signals

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