USDJPY selling opportunity at 118.85/90 today

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 28 January 2016 USDJPY Spot USDJPY selling opportunity at 118.85/90 today & a good chance of a high for the day here yet again. This remains the most important resistance of the day but shorts need stops above 119.15. A break higher therefore is a short term buy signal & targets 119.27/30 then strong resistance at 119.70/75. Failure to beat 118.85/90 as expected targets 118.50 then support at 118.35/32. A good area for short term profit taking but we could continue

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