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Trade Idea Update: USD/JPY - Buy at 105.85

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 4, 2016.

  1. Lily

    Lily Forum Member

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    The greenback staged a strong rebound after falling to 105.55 yesterday, suggesting consolidation above this level would be seen with mild upside bias for another test of 107.48 resistance, break there would suggest a temporary low is formed, bring retracement of recent decline towards 107.92-97 (previous support and 38.2% Fibonacci[​IMG]

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