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Trade Idea Update: USD/JPY - Sell at 101.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Dollar has resumed recent decline after meeting renewed selling interest at 102.83, suggesting recent fall from 107.49 is still in progress and may extend weakness to 101.30, then towards 101.00 (50% projection of 105.64-101.97 measuring from 102.83), however, loss of downward momentum should prevent sharp fall below 100.80-85 and reckon 100.55-60 (61.8% projection) would hold[​IMG]

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