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Trade Idea: USD/JPY - Sell at 114.75

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 15, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has continued to move higher after rebound from 110.98 and near term upside risk remains for gain to 114.40-45, as this move is viewed as retracement of recent decline, reckon upside would be limited to 114.75 (38.2% Fibonacci retracement of 120.86-110.98) and bring retreat later, below the[​IMG]

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