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Trade Idea Update: USD/JPY - Buy at 101.70

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

  1. Lily

    Lily Forum Member

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    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 resistance at 102.83 would be seen, however, reckon 103.15-20 (50% Fibonacci retracement of 105.64-100.68) would limit upside and price should falter well[​IMG]

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