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Trade Idea Update: USD/JPY - Buy at 103.70

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 12, 2016.

  1. Lily

    Lily Forum Member

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    As intra-day upmove has accelerated, adding credence to our view that the upmove from 99.01 low is still in progress and may extend further gain to 104.90-00, however, near term overbought condition should prevent sharp move beyond 105.25-30 and reckon 105.50-55 would limit upside, price should falter well below 105.75-80,[​IMG]

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