Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 12 Apr 2016 08:23 GMT USD/JPY - 108.18 Despite dollar's selloff to a fresh 17-month trough at 107.63 in Asian session on Monday, subsequent intra-day rebound to 108.44 in New York morning suggests MT downtrend has possibly made a temporary bottom there and a few days of choppy sideways trading would be seen. However, as long as resistance at 109.10 holds, bearishness remains for another selloff later this week. On the downside,

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