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Trade Idea Wrap-up: USD/JPY - Sell at 103.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 1, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's recovery after intra-day initial brief fall to 101.97 has retained our view that further consolidation above this level would be seen and corrective bounce to 102.70, then 103.00 cannot be ruled out, however, reckon 103.35-40 (38.2% Fibonacci retracement of 105.64-101.97) would limit upside and renewed selling interest should emerge[​IMG]

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