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Trade Idea: USD/JPY - Sell at 112.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 30, 2016.

  1. Lily

    Lily Forum Member

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    The greenback has reversed recent rally after yesterday's brief rise to 113.80, suggesting the erratic upmove from 110.67 has ended there and downside bias is seen for the selloff from 113.80 to extend weakness to 111.85-87 (61.8% Fibonacci retracement of 110.67-113.80), then 111.50-60, however, near term oversold condition should limit downside to[​IMG]

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