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Trade Idea Update: USD/JPY - Hold short entered at 122.10

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 11, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The greenback rebounded after finding support at 121.24 yesterday and further consolidation above this week's low at 121.07 would be seen, however, as long as 122.28-30 (50% Fibonacci retracement of 123.48-121.07 and previous support) holds, bearishness remains for another retreat, below 121.45-50 would bring test of said support at 121.24[​IMG]

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