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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 15, 2015.

  1. Lily

    Lily Forum Member

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    As the greenback has rebounded after holding above yesterday's low at 120.34, suggesting consolidation above this level would be seen, however, only break of 121.35 resistance (yesterday's high) would signal low has been formed at 120.34, bring retracement of recent decline to 121.75-80 and possibly towards 122.00 but resistance at 122.23 should remain intact.[​IMG]

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