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Trade Idea Wrap-up: USD/JPY - Buy at 108.25

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 16, 2016.

  1. Lily

    Lily Forum Member

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    The greenback traded narrowly after finding support at 108.46 earlier today and further sideways trading below last week's high of 109.55 would be seen, whilst another corrective fall to 108.35-40 (38.2% Fibonacci retracement of 106.44-109.55) is likely, reckon support at 108.23 would limit downside and bring another rise later, above[​IMG]

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