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USDJPY closing in on February lows at 111.00/110.95

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 05 April 2016 USDJPY Spot USDJPY closing in on February lows at 111.00/110.95 & below here tests important March lows at 110.65. Within this band is the low of the range as we become oversold short term. Therefore this is the best support of the day. Longs need stops below 111.40. A sustained break below 111.40 is an important sell signal (a close below is required for confirmation) & targets 111.05/00, 110.60/50 then 110.10/05, perhaps as far as 109.85/80 this week. A

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