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Trade Idea Wrap-up: USD/JPY - Sell at 107.85

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 2, 2016.

  1. Lily

    Lily Forum Member

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    The greenback traded narrowly after falling to 106.14 earlier today, adding credence to our view that recent decline from 125.86 top is still in progress and may extend further weakness to 106.00, however, oversold condition should limit downside to 105.70-75 (100% projection of 113.80-107.63 measuring from 111.91) and 105.50 would hold[​IMG]

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