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Trade Idea Update: USD/JPY - Buy at 122.75

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 9, 2015.

  1. Lily

    Lily Forum Member

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    As the greenback has maintained a firm undertone after last week's rally, adding credence to our view that recent upmove is still in progress and may extend further gain to 123.75-80, then towards 124.00, however, near term overbought condition should prevent sharp move beyond 124.25 (1.236 times projection of 118.06-121.51[​IMG]

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