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Trade Idea Wrap-up: USD/JPY - Buy at 110.35

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 25, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has retreated after rising to 111.91 earlier today and consolidation with mild downside bias is seen for correction to 110.60-70, reckon 110.35 (38.2% Fibonacci retracement of 107.84-111.91) would limit downside and bring another upmove later, above 111.50-60 would suggest the pullback from 111.91 has ended, bring retest[​IMG]

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