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Trade Idea Update: USD/JPY - Buy at 110.75

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 30, 2016.

  1. Lily

    Lily Forum Member

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    The greenback rallied after holding above support at 109.42 and upmove has accelerated after breaking resistance area at 110.45-59, suggesting recent upmove from 105.55 low is still in progress and may extend gain to 111.60-65 (50% projection of 105.55-110.59 measuring from 109.11), however, near term overbought condition should limit upside to[​IMG]

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