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Trade Idea: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 20, 2016.

  1. Lily

    Lily Forum Member

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    The greenback tumbled yesterday in part due to massive risk aversion, price just broke below previous support at 116.51, suggesting recent decline has resumed and further weakness to 116.35-40 (50% projection of 120.66-116.69 measuring from 118.38), then towards 116.00, however, near term oversold condition should prevent sharp fall below 115.90-95[​IMG]

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