Trade Idea Wrap-up: USD/JPY - Hold short entered at 110.40

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 25, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback rose briefly to 110.45, if our view that top has been formed at 110.59 last week is correct, upside should be limited and as long as this level holds, further consolidation is seen with mild downside bias for another retreat, below the upper Kumo (now at 109.85)[​IMG]

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