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Trade Idea: USD/JPY - Buy at 108.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 11, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has retreated after rising to 109.38, suggesting consolidation below this level would be seen and pullback to 108.25-30 (38.2% Fibonacci retracement of 106.44-109.38) cannot be ruled out, however, reckon 107.90-95 (50% Fibonacci retracement) would limit downside and bring another rise later, above 109.00 would bring test of[​IMG]

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