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Trade Idea: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 7, 2016.

  1. Lily

    Lily Forum Member

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    The greenback slipped again today and dropped to as low as 117.66 before recovering, suggesting near term downside risk remains for recent decline from 123.76 to extend further weakness towards 117.50, however, loss of downward momentum should prevent sharp fall below 117.20-25 and reckon 117.00 would limit downside, bring rebound later.[​IMG]

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