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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 13, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback bounced off low of 122.44, reckon the upper Kumo (now at 123.09 would limit upside and near term downside risk remains for the erratic fall from 123.61 (this week's high) to bring retracement of recent upmove to 122.30-35 (50% Fibonacci retracement of 121.00-123.61) but renewed buying interest[​IMG]

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