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Trade Idea Wrap-up: USD/JPY - Buy at 106.50 or sell at 108.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 5, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has edged higher, retaining our view that further consolidation above this week's low at 105.55 would be seen and mild upside bias remains for retracement of recent decline to 107.92-97 (previous support and 38.2% Fibonacci retracement of 111.89-105.55), however, reckon 108.20-25 would hold and bring retreat later.[​IMG]

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