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

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

  1. Lily

    Lily Forum Member

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    As the greenback has fallen again after brief bounce to 103.97, suggesting the selloff from 107.49 is still in progress and may extend weakness to 102.00, then towards 101.70-75, however, oversold condition should prevent sharp fall below 101.45-50 and price should stay well above 100.85-90 (1.618 times projection of 107.49-103.99 measuring from 106.55).[​IMG]

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