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Trade Idea: USD/JPY - Exit short and sell at 109.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although dollar has eased after rising to 109.22 earlier today, reckon the Kijun-Sen (now at 108.59) would limit downside and near term upside risk remains for the rebound from 107.84 to extend gain to 109.50, however, as broad outlook remains consolidative, reckon resistance at 108.73 would hold and bring retreat[​IMG]

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