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Trade Idea Update: USD/JPY - Buy at 101.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 5, 2016.

  1. Lily

    Lily Forum Member

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    Current post-NFP rebound signals a temporary low has been formed at 100.68 earlier this week and consolidation with upside bias remains for retracement of recent decline, hence gain to 102.00-10 and later 102.55-60 (38.2% Fibonacci retracement of 105.64-100.68) would be seen, however, reckon resistance at 102.83 would limit upside and[​IMG]

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