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Trade Idea Update: USD/JPY - Sell at 118.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 13, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has edged higher again and near term upside risk remains for the rebound from 116.69 low to bring retracement of recent decline, reckon upside would be limited to 118.65-70 (50% Fibonacci retracement) and resistance at 118.84 should hold and bring another decline later. Below 117.35-40 would suggest[​IMG]

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