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Trade Idea Update: USD/JPY - Buy at 110.35

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 26, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's retreat after rising to 111.91 yesterday suggests consolidation below this level would be seen with mild downside bias for correction to the lower Kumo (now at 110.59), however, reckon 110.35 (38.2% Fibonacci retracement of 107.84-111.91) would limit downside and bring another upmove later, above 111.30-35 would suggest the pullback[​IMG]

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