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Trade Idea Update: USD/JPY - Stand aside

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The greenback slipped again today and dropped to as low as 117.33 before recovering, suggesting near term downside risk remains for recent decline from 123.76 to extend further weakness to 117.20-25, however, loss of downward momentum should prevent sharp fall below 117.00, reckon 116.75-80 would hold and bring rebound later.[​IMG]

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