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Trade Idea Update: USD/JPY - Sell at 119.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 4, 2016.

  1. Lily

    Lily Forum Member

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    The greenback tumbled after meeting renewed selling interest at 120.47 and broke below support at 120.00, suggesting the decline from 123.76 is still in progress and may extend weakness to 118.70, then 118.50, however, near term oversold condition should limit downside and reckon 118.20-25 would hold from here, bring rebound later.[​IMG]

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