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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 13 Apr 2016 08:04GMT USD/JPY - 108.90 Although dollar's rebound from Monday's fresh 17-month trough at 107.63 and then intra-day breach of 108.44 (yesterday's high in New York) signals Medium Term downtrend has made a temporary bottom there, as long as resistance at 109.10 holds, bearishness remains for another selloff later today or tomorrow. On the downside, 108.44 would indicate a top has been made and yield weakness to

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