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Trade Idea Update: USD/JPY - Sell at 110.25

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 21, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's intra-day breach of previous resistance at 109.73 suggests near term upside risk remains for the erratic rise from 107.63 low to extend gain to 110.00-05 (50% Fibonacci retracement of 112.46-107.63), however, as this move is viewed as retracement of recent decline, reckon upside would be limited to 110.25-30, bring[​IMG]

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