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Trade Idea Wrap-up: USD/JPY - Sell at 108.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 29, 2016.

  1. Lily

    Lily Forum Member

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    The greenback has fallen again after brief recovery, adding credence to our view that recent decline is still in progress and may extend further weakness to 106.25-30 (61.8% projection of 111.89-107.92 measuring from 108.73) would be seen, however, oversold condition should limit downside to 106.00 and reckon 105.75-80 would hold[​IMG]

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