Trade Idea Wrap-up: USD/JPY - Sell at 117.40

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 15, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback has dropped again today and broke below indicated support at 116.69, confirming recent decline has resumed and bearishness remains for further weakness to 116.35-40 (50% projection of 120.66-116.69 measuring from 118.38), however, near term oversold condition should limit downside and price should stay above 115.90-95 (61.8% projection).[​IMG]

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