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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 3, 2016.

  1. Lily

    Lily Forum Member

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    As dollar has dropped again in NY morning, suggesting recent selloff is still in progress and downside risk remains for further weakness to 107.70, then test of previous resistance at 107.50, however, near term oversold condition should limit downside to 107.00-10 and price should stay above 106.44 support, risk from[​IMG]

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