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Trade Idea Wrap-up: USD/JPY - Buy at 122.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 11, 2015.

  1. Lily

    Lily Forum Member

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    Dollar's retreat after meeting resistance at 123.44 has retaining our view that near term sideways trading below 123.61 would continue and another corrective fall to 122.70-75 cannot be ruled out, however, reckon 122.50 (50% Fibonacci retracement of 121.39-123.61) would limit downside, bring another upmove later, above said resistance at 123.44 would bring retest of 123.61[​IMG]

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