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Trade Idea Update: USD/JPY - Buy at 100.25 or sell at 101.75

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 23, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As the greenback rebounded after holding above previous support at 100.06, retaining our view that further consolidation above this level would be seen and recovery to 101.40-45 (50% Fibonacci retracement of 102.79-100.10) cannot be ruled out, however, reckon upside would be limited to 101.75-80 (61.8% Fibonacci retracement) and bring retreat later to[​IMG]

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