Trade Idea Update: USD/JPY - Hold short entered at 110.40

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 25, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback staged a strong rebound after finding support at 109.11 earlier this week, suggesting near term upside risk remains for marginal gain from here, however, if our view that top has been formed at 110.59 last week is correct, upside should be limited and bring another decline, below[​IMG]

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