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Trade Idea: USD/JPY - Sell at 118.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 5, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has remained weak after tumbling this week, adding credence to our view that the decline from 121.69 top is still in progress and may extend weakness to previous support at 116.47, however, oversold condition should prevent sharp fall below 116.00-10 and reckon 115.70-75 would hold[​IMG]

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