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Trade Idea: USD/JPY - Buy at 109.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 20, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has rebounded after finding support at 109.70, suggesting recent rise from 105.55 low has possibly resumed and above resistance at 110.39 would extend gain to 110.49-50 (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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