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Trade Idea Update: USD/JPY - Sell at 102.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 8, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Dollar's recovery after finding support at 101.20 yesterday suggests consolidation above this level would be seen and corrective bounce to 102.00, then 102.20 (38.2% Fibonacci retracement of 103.81-101.20) cannot be ruled out, however, reckon 102.50 (50% Fibonacci retracement) would limit upside and bring another decline, below 101.20 would extend the fall from 104.32 (last week's high) to[​IMG]

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