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Trade Idea: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 27, 2016.

  1. Lily

    Lily Forum Member

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    Despite yesterday's initial selloff to 103.99, the subsequent much stronger than expected rally to 106.55 suggests further choppy trading would be seen and as price has retreated after faltering below resistance at 106.72, initial pullback to 105.20-25 is likely, reckon downside would be limited to 104.90-00 and price should stay above[​IMG]

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