Trade Idea Update: USD/JPY - Sell at 109.70

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 20, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although dollar retreated after rising to 109.49 yesterday, reckon 108.50 would limit downside and near term upside risk remains for the rebound from 107.84 to bring another rise, however, as broad outlook remains consolidative, reckon upside would be limited to 109.73 resistance (last week's high), bring retreat later, below 108.40-50[​IMG]

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