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Trade Idea: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 1, 2016.

  1. Lily

    Lily Forum Member

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    The greenback plunged on yen's broad-based rebound after Abe's decision on delaying sales tax hike, signaling top has been formed at 111.45 earlier and consolidation with downside bias is seen for weakness towards strong support at 109.42-47, however, break there is needed to retain bearishness and extend further decline towards[​IMG]

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