Trade Idea Update: USD/JPY - Buy at 122.60

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 11, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As dollar has retreated after meeting resistance at 123.44, retaining our view that near term sideways trading below 123.61 would continue and another corrective fall to the lower Kumo (now at 122.63) cannot be ruled out, however, reckon 122.50 (50% Fibonacci retracement of 121.39-123.61) would limit downside, bring another upmove[​IMG]

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