Trade Idea: USD/JPY - Sell at 109.70

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 13, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As the greenback has continued edging higher after rebounding from 107.63, suggesting a temporary low has been formed there and near term upside risk remains for retracement to 109.45-50 (38.2% retracement of 112.46-107.63), however, reckon 109.70-75 would limit upside and bring another decline later. Below the upper Kumo (now at[​IMG]

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