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Trade Idea Update: USD/JPY - Sell at 109.40

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 7, 2016.

  1. Lily

    Lily Forum Member

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    The greenback has tumbled again today and bearishness remains for recent selloff to extend further weakness to 107.95-00 (1.5 times projection of 114.56-110.67 measuring from 113.80), however, oversold condition should prevent sharp fall below 107.50 and reckon 107.50-55 (1.618 times projection) would hold on first testing, risk from there is[​IMG]

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