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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 5, 2016.

  1. Lily

    Lily Forum Member

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    Although dollar retreated after meeting resistance at 101.67 yesterday and weakness towards 100.68 support cannot be ruled out, break there is needed to signal recent decline has resumed and extend weakness to 100.50, then towards 100.25 but loss of downward momentum should prevent sharp fall below previous support at 100.00, bring rebound later.[​IMG]

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