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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback has remained under pressure and near term downside risk remains for weakness towards support at 101.42, break of previous support at 101.20 is needed to retain bearishness and extend early decline from 104.32 to 101.00 and possibly towards 100.70 but reckon oversold condition would limit downside to 100.50, bring rebound later.[​IMG]

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