Trade Idea Update: USD/JPY - Hold long enered at 120.95

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 14, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Although the greenback resumed recent decline in line with our bearish expectations, as dollar found support at 120.58 and has rebounded, suggesting consolidation above this level would be seen and recovery to 121.50 and then the lower Kumo (now at 121.81) cannot be ruled out, however, reckon 122.00-05 (50% Fibonacci[​IMG]

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