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Trade Idea Update: USD/JPY - Buy at 122.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 17, 2015.

  1. Lily

    Lily Forum Member

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    Current anticipated rally from 122.22 adds credence to our view that the pullback from 123.61 has ended there and bullishness remains for retest of said resistance, above there would extend recent upmove to 123.90-00, 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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