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Trade Idea Update: USD/JPY - Hold long entered at 101.40

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 21, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback found good support at 101.01 and staged a strong rebound earlier today, as price has retreated after meeting resistance at 102.79, initial downside risk is seen for weakness to 101.60, however, as low has been formed at 101.01, reckon downside would be limited to 101.40 and bring another rebound[​IMG]

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