Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 29, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Despite Friday's rally to 114.00, the greenback ran into heavy offers there and the subsequent retreat was slightly deeper than expected, suggesting first leg of rebound from 111.04 has possibly ended, hence consolidation with mild downside bias is seen for test of the upper Kumo (now at 112.75), a break[​IMG]

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