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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 22, 2015.

  1. Lily

    Lily Forum Member

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    As the greenback has continued to trade defensively after last week's selloff from 123.57, suggesting near term downside risk remains for this move to extend marginal weakness below yesterday's low of 120.84, however, as broad outlook remains consolidative, reckon downside would be limited to 120.60-65 and support at 120.34 should[​IMG]

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