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Trade Idea: USD/JPY - Sell at 108.25

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 8, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Despite intra-day brief fall to 106.72, lack of follow through selling suggests further consolidation would be seen and another corrective bounce to resistance at 107.90 cannot be ruled out, however, still reckon upside would be limited to 108.25-30 (38.2% Fibonacci retracement of 111.35-106.37) and bring another decline. A firm break[​IMG]

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