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Trade Idea Wrap-up: USD/JPY - Buy at 122.55

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 9, 2015.

  1. Lily

    Lily Forum Member

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    As the greenback has eased after intra-day rise to 123.61, suggesting minor consolidation would be seen and pullback to 122.80-85 (38.2% Fibonacci retracement of 121.52-123.61) cannot be ruled out, however, reckon 122.55-60 (50% Fibonacci retracement) would limit downside, bring another upmove later, above said resistance would extend recent upmove towards 123.90-00[​IMG]

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