Trade Idea Update: USD/JPY - Buy at 118.05

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 6, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback has fallen again after brief recovery and near term downside risk remains for recent decline from 123.76 to extend weakness to 118.25-30, loss of downward momentum should prevent sharp fall below 118.04-06 (1.618 times projection of 123.76-120.34 measuring from 123.57 and previous support) and bring rebound later[​IMG]

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