Trade Idea Update: USD/JPY - Sell at 108.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 29, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The greenback has dropped again after brief bounce to 108.73 and broke below previous support at 107.63, adding credence to our bearish view that early decline has resumed and further weakness to 106.75 (50% projection of 111.89-107.92 measuring from 108.73) would be seen, however, oversold condition should limit downside to 106.50 and reckon[​IMG]

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