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Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 9, 2016.

  1. Lily

    Lily Forum Member

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    The greenback has rebounded again after finding renewed buying interest at 101.96, suggesting the recovery from 101.20 (this week's low) is still in progress for retracement of recent decline, hence gain to 102.80-81 (previous support and 61.8% Fibonacci retracement of 103.81-101.20) and possibly another previous support at 103.14 would be seen[​IMG]

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