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Trade Idea : USD/JPY - Buy at 122.60

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 10, 2015.

  1. Lily

    Lily Forum Member

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    Dollar's near term sideways trading is likely to continue and as long as resistance at 123.61 holds, risk of another corrective fall to 122.80-85 (38.2% Fibonacci retracement of 121.52-123.61) cannot be ruled out, however, reckon 122.55-60 (50% Fibonacci retracement) would limit downside, bring another upmove later, above said resistance would[​IMG]

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