Trade Idea Wrap-up: USD/JPY - Buy at 121.20

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 15, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Current strong rebound together with the breach of indicated resistance at 121.35 signals low has been formed at 120.34 and consolidation with upside bias is seen for retracement of recent decline from 123.67, hence gain to 122.00-05 (50% Fibonacci retracement of 123.67-120.34) and possibly resistance at 122.23 is likely, however,[​IMG]

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