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Trade Idea: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 18, 2016.

  1. Lily

    Lily Forum Member

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    Despite dollar's deeper-than-expected retreat to 108.72 earlier today, the greenback found renewed buying interest there and has rebounded again, suggesting a retest of 109.65 resistance (yesterday's high) would be seen, break there would extend recent rise from 105.55 low to 109.90, then 110.10 (50% projection of 106.25-109.55 measuring from 108.46)[​IMG]

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