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Trade Idea Wrap-up: USD/JPY - Buy at 119.55

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 2, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has slipped again after meeting resistance around the Kijun-Sen, suggesting near term downside risk remains for the retreat from 121.69 top to bring retracement of recent upmove, hence weakness to 119.85-90 (50% Fibonacci retracement of 118.04-121.69) cannot be ruled out, however, reckon downside would be limited to[​IMG]

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