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Trade Idea Update: USD/JPY - Sell at 107.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 3, 2016.

  1. Lily

    Lily Forum Member

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    The greenback has fallen again after meeting renewed selling interest at 106.82, suggesting recent downtrend from 125.86 top is still in progress and may extend further weakness to 105.50-55 (50% projection of 108.73-106.14 measuring from 106.82), then 105.20-25 (61.8% projection), however, oversold condition should limit downside to 105.00, risk from[​IMG]

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