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Trade Idea Wrap-up: USD/JPY - Buy at 122.30

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

  1. Lily

    Lily Forum Member

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    The greenback slipped again and near term downside risk remains for the erratic fall from 123.61 (this week's high) to bring retracement of recent upmove and weakness to 122.60-65 (38.2% Fibonacci retracement of 121.00-123.61) cannot be ruled out, however, reckon 122.30-35 (50% Fibonacci retracement) would limit downside, bring another upmove later[​IMG]

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