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Trade Idea Update: USD/JPY - Buy at 122.30

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 13, 2015.

  1. Lily

    Lily Forum Member

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    The greenback has remained under pressure and near term downside risk remains for the erratic fall from 123.61 (this week's high) to bring retracement of recent upmove and marginal weakness cannot be ruled out, however, reckon 122.30-35 (50% Fibonacci retracement of 121.00-123.61) would limit downside, bring another upmove later, above[​IMG]

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