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Trade Idea Update: USD/JPY - Buy at 101.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 8, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Friday's strong rebound signals a temporary low has been formed at 100.68 last week and consolidation with upside bias remains for retracement of recent decline, hence gain to 102.50-60 (38.2% Fibonacci retracement of 105.64-100.68) would be seen, however, reckon resistance at 102.83 would limit upside and price should falter well[​IMG]

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