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Trade Idea Wrap-up: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 14, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback recovered after finding support at 117.29, retaining our view that further consolidation would be seen and another bounce to 118.15-20 cannot be ruled out, however, break of indicated resistance at 118.38 is needed to extend the rebound from 116.69 for retracement of recent decline to 118.65-70 (50%[​IMG]

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