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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 15, 2015.

  1. Lily

    Lily Forum Member

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    The greenback resumed recent decline yesterday and fell to as low as 120.34, suggesting near term downside risk remains for the decline from 123.76 to extend weakness towards 119.99-120.00 (previous support and psychological support), however, loss of downward momentum should prevent sharp fall below 119.70 and reckon 119.50 would hold[​IMG]

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