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Trade Idea Wrap-up: USD/JPY - Hold long entered at 120.95

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 14, 2015.

  1. Lily

    Lily Forum Member

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    The greenback has retreated after meeting resistance at 121.35, suggesting caution on our long position entered at 120.95 and 120.60-65 needs to hold to retain prospect of another rebound, above 121.35 would recovery to 121.65-70 (38.2% Fibonacci retracement of 123.48-120.58), however, reckon 122.00-05 (50% Fibonacci retracement) would limit upside and[​IMG]

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