Trade Idea Wrap-up: USD/JPY - Sell at 102.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although dollar has retreated after meeting resistance at 101.67, as long as this week's low at 100.68 holds, further consolidation would be seen and risk of another corrective bounce to said resistance and possibly previous support at 101.97 cannot be ruled out, however, reckon 102.50-60 (38.2% Fibonacci retracement of 105.64-100.68)[​IMG]

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