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Trade Idea Wrap-up: USD/JPY - Buy at 122.60

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 19, 2015.

  1. Lily

    Lily Forum Member

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    As dollar's fall from 123.76 (yesterday's high) suggests near term downside risk remains for weakness to 122.80-81 (61.8% Fibonacci retracement of 122.22-123.76), however, reckon downside would be limited to 122.55-60 and bring rebound later, above 123.35-40 would bring test of said resistance at 123.76, break there would extend recent upmove[​IMG]

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