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Trade Idea: USD/JPY - Sell at 104.85

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 16, 2016.

  1. Lily

    Lily Forum Member

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    Dollar’s selloff below previous support at 105.55 confirms recent downtrend has resumed and bearishness remains for further weakness to 103.50 and then towards 103.00-10, however, near term oversold condition should prevent sharp fall below 102.73-82 (1.618 times projection of 107.90-105.63 measuring from 106.40 and 100% projection of 111.45-106.37 measuring from 107.90) and reckon[​IMG]

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