Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback surged again after finding renewed buying interest at 108.72 yesterday and bullishness remains for recent rise from 105.55 low to extend gain to 110.45-50 (61.8% projection of 106.25-109.55 measuring from 108.46) but loss of near term upward momentum should prevent sharp move beyond 110.75-80 and reckon 111.00 would hold[​IMG]

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