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Trade Idea Update: USD/JPY - Buy at 119.95

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 2, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has retreated after surging to 121.69 last week, retaining our view that minor consolidation below this level would be seen and pullback to 120.30 (38.2% Fibonacci retracement of 118.04-121.69) is likely, however, reckon downside would be limited to 119.85-90 (50% Fibonacci retracement) and bring another rise later.[​IMG]

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