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Trade Idea Update: USD/JPY - Sell at 109.90

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 15, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has retreated after rising to 109.73, reckon 108.90 support would limit downside and near term upside risk remains for another rise to resistance at 109.91-95, however, reckon 110.04-05 (50% Fibonacci retracement of 112.46-107.63) would limit upside and bring another decline later. Below said support at 108.90 would[​IMG]

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