1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

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

    Joined:
    Aug 29, 2015
    Messages:
    7,412
    Likes Received:
    0
    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]

    Continue reading...
     

Share This Page