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Trade Idea Wrap-up: USD/JPY - Buy at 119.25

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 12, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback has retreated after meeting resistance at 120.35, retaining our view that further consolidation would take place, below 119.80-85 would bring another corrective fall to 119.45-50 but support at 119.25 should limit downside, bring rebound later. Above said resistance at 120.35 would bring test of previous resistance at 120.57


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