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Trade Idea Update: USD/JPY - Buy at 108.60

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 12, 2016.

  1. Lily

    Lily Forum Member

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    The greenback found renewed buying interest at 108.23 and has staged a strong rebound, suggesting recent rise from 105.55 low is still in progress and may extend gain to 109.45-50 (61.8% Fibonacci retracement of 111.89-105.55), then 109.60 (1.618 times projection of 105.55-107.50 measuring from 106.44) but reckon 109.90-00 would hold from here.[​IMG]

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