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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 25, 2015.

  1. Lily

    Lily Forum Member

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    As the greenback has remained under pressure after yesterday's selloff below support at 122.62, suggesting near term downside risk remains for the fall from 123.76 (last week's high) to extend weakness to previous support at 122.22 and possibly 122.00, however, as broad outlook is still consolidative, downside should be limited to 121.85[​IMG]

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