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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Dollar's intra-day decline accelerated and price tumbled to as low as 110.98 before recovering, suggesting recent decline is still in progress and may extend weakness to 110.85-90 (1.236 times projection of 121.69-116.29 measuring from 117.53), however, near term oversold condition should limit downside to 110.50 and reckon 110.20-25, bring rebound later.[​IMG]

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