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Trade Idea Update: USD/JPY - Buy at 120.20

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 2, 2015.

  1. Lily

    Lily Forum Member

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    Although the greenback retreated sharply after meeting resistance at 121.49 last week, as broad outlook remains consolidative, downside should be limited to 120.15-20 and support at 119.99 should remain intact, bring rebound later, above the upper Kumo (now at 120.90) would signal low is formed, bring further gain to 121.20-25[​IMG]

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