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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 26, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback fell initially to 109.42 in Tokyo morning, dollar found good support there and has rebounded again, suggesting further consolidation would be seen, however, as long as 110.20-25 holds, mild downside bias remains for another decline, below said intra-day support would extend the fall from 110.45 (yesterday's high) towards[​IMG]

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