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Trade Idea Wrap-up: USD/JPY - Sell at 109.40

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 7, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has remained under pressure after recent selloff and downside bias remains for the major decline to extend further weakness to 107.50-55 (1.618 times projection of 114.56-110.67 measuring from 113.80), oversold condition should prevent sharp fall below 107.20-25 and reckon 107.00 would hold on first testing, risk from[​IMG]

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