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Trade Idea Wrap-up: USD/JPY - Sell at 102.20

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 2, 2016.

  1. Lily

    Lily Forum Member

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    Dollar has resumed recent decline after meeting renewed selling interest at 102.83, suggesting recent fall from 107.49 is still in progress and may extend weakness to 100.55-60 (61.8% projection of 105.64-101.97 measuring from 102.83), however, loss of downward momentum should prevent sharp fall below 100.25-30 and reckon support at 100.00 would hold[​IMG]

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