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Trade Idea Wrap-up: USD/JPY - Buy at 110.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 31, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's near term consolidation below yesterday's high of 111.45 is likely to continue and although initial pullback to 110.70-75 cannot be ruled out, reckon the lower Kumo (now at 110.46) would limit downside and bring another rise later, above said resistance at 111.45 would extend recent upmove from 105.55 low to[​IMG]

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