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Trade Idea: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 14, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has retreated after meeting resistance at 118.38 yesterday and consolidation with mild downside bias is seen for weakness towards 117.20-30, break of 117.00 is needed to signal the rebound from 116.69 has ended at 118.38 and bring retest of this level, otherwise, further consolidation would take place.[​IMG]

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