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Trade Idea: USD/JPY - Exit long entered at 106.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 21, 2016.

  1. Lily

    Lily Forum Member

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    Despite intra-day initial marginal rise to 107.49, the subsequent sharp retreat from there suggests a temporary top has possibly been formed and consolidation with mild downside bias is seen for test of support at 105.83, below there would add credence to this view, then weakness to 105.25-30 would follow but[​IMG]

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