Trade Idea Update: USD/JPY - Buy at 119.60

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 7, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Dollar's breach of previous resistance at 120.41 adds credence to our view that the fall from 121.24 has ended at 118.68 on Friday and bullishness remains for the rebound from there to extend further gain to 120.75-80 and possibly towards 121.00, however, near term overbought condition should prevent sharp move beyond latter level[​IMG]

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