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Trade Idea Update: USD/JPY - Hold long entered at 109.20

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 17, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback has retreated after intra-day brief rise to 109.65, suggesting consolidation below this level would be seen, however, as long as intra-day support at 108.88 holds, mild upside bias remains for another test of said resistance, break there would extend recent upmove towards 110.10 (50% projection of 106.25-109.55[​IMG]

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