Trade Idea Update: USD/JPY - Sell at 107.85

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The greenback has remained under pressure after breaking previous support at 107.63, adding credence to our view that recent decline from 125.86 top is still in progress and may extend further weakness to 106.20, then 126.00, however, oversold condition should limit downside to 105.70-75 (100% projection of 113.80-107.63 measuring from 111.91) and 105.50 would hold[​IMG]

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