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Trade Idea Update: USD/JPY - Sell at 108.25

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 7, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's rebound after yesterday's initial fall to 106.37 suggests consolidation above this level would be seen and recovery to 108.05-10 (61.8% Fibonacci retracement of 109.14-106.37) cannot be ruled out, however, reckon price would falter below 108.25-30 (38.2% Fibonacci retracement of 111.35-106.37) and bring another decline. A break of support at[​IMG]

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