Trade Idea Update: USD/JPY - Buy at 103.25

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 13, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback has retreated again after faltering below 104.99, retaining our view that minor consolidation below this yesterday’s high would be seen and initial downside risk remains for retracement to the upper Kumo (now at 103.64), however, reckon 103.25 (38.2% Fibonacci retracement of 100.42-104.99) would limit downside and bring[​IMG]

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