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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 6, 2016.

  1. Lily

    Lily Forum Member

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    The greenback only recovered to 101.77 before dropping sharply again, decline accelerated after breaking previous support at 101.40, suggesting the fall from 103.40 is still in progress and may extend weakness to 100.20, then 100.00, however, loss of near term downward momentum should prevent sharp fall below there and reckon 99.50-60 would hold[​IMG]

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