Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 28, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Despite rising quite sharply to 106.55 on yen's broad-based selloff, as the greenback has retreated after faltering below resistance at 106.72, retaining our view that further choppy trading would be seen and weakness to 104.40-45 cannot be ruled out, however, as broad outlook remains consolidative, reckon strong support at 103.91-99[​IMG]

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