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

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

  1. Lily

    Lily Forum Member

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    Dollar's stronger-than-expected retreat after meeting strong resistance at 114.00 last week suggests the rebound from 111.04 has ended there and downside risk remains for at least a strong retracement of this rise, hence weakness to 112.50-55 cannot be ruled out, however, reckon the lower Kumo (now at 112.37) would limit downside[​IMG]

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