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Trade Idea Update: USD/JPY - Sell at 102.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 4, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's recovery after holding above this week's low at 100.68 has retained our view that further consolidation above this level would be seen and corrective bounce to although recovery to 101.70-75 and possibly previous support at 101.97 cannot be ruled out, however, reckon 102.50-60 (38.2% Fibonacci retracement of 105.64-100.68) would[​IMG]

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