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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    DAILY MARKET OUTLOOK Update Time: 01 Apr 2016 08:09 GMT USD/JPY - 112.32 Intra-day dollar's weakness to 112.06 due to active yen-buying on the back of weakness in the Nikkie suggests decline from this week's 113.80 peak to correct upmove from Mar's 16-month trough at 110.67 would resume, below 112.02 would pressure price to 111.87 (61.8% r), loss of momentum should keep price above 111.37. Only a daily close above 112.68 (reaction high from 112.02) would risk stronger

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