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Trade Idea Update: USD/JPY - Buy at 121.35

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 16, 2015.

  1. Lily

    Lily Forum Member

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    As the greenback has continued to move higher after staging a strong rebound yesterday, adding credence to our view that low has been formed at 120.34 and consolidation with upside bias remains for retracement of recent decline from 123.67, hence gain to 122.00-05 (50% Fibonacci retracement of 123.67-120.34) and resistance[​IMG]

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