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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 6, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has fallen again after brief recovery to 110.64 and near term downside risk remains for recent decline from 125.68 top to extend weakness to 109.75-80 (1.618 times projection of 113.80-112.02 measuring from 112.68) and possibly towards 109.50, loss of near term downward momentum should prevent sharp fall below[​IMG]

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