USDJPY first support at at 108.45/40

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 13 April 2016 USDJPY Spot USDJPY first support at at 108.45/40 is key to direction & holding above here targets 108.90/95 then resistance at 109.10/15. A good chance of a high for the day but shorts need stops above 109.35. A break higher however targets 109.65/69 then 109.85 before minor resistance at 110.00/04. Failure to hold first support at 108.45/40 targets 108.05/00 then a retest of the lows at 107.67/61. We are oversold on the daily chart but with no sign the sell

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