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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    DAILY MARKET OUTLOOK Update Time: 06 Apr 2016 09:17 GMT USD/JPY - 110.32 Dollar's cross-inspired selloff to a fresh 17-month trough at 109.92 confirms MT downtrend from 2015 peak at 125.86 has resumed and further weakness to 109.80 and then 109.50/60 would be seen. However, loss of momentum should keep price well above 109.00 ahead of FOMC minutes later today. On the upside, only a daily close above 111.06/10 would indicate a temporary low has been made

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