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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 22, 2016.

  1. Lily

    Lily Forum Member

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    The greenback surged today on BOJ headlines, dampening our near term bearishness and suggesting the erratic rise from 107.63 low is still in progress and may extend gain to 110.80-85 (1.236 times projection of 107.84-109.49 measuring from 108.76) and possibly 111.00, however, near term overbought condition should prevent sharp move beyond[​IMG]

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