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Trade Idea Wrap-up: USD/JPY - Sell at 108.10

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 6, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's recovery after falling to 106.37 earlier today suggests consolidation above this level would be seen and recovery to 107.70-75 (50% Fibonacci retracement of 109.14-106.37) cannot be ruled out, however, reckon price would falter below 108.05-10 (61.8% Fibonacci retracement and bring another decline. A break of said support at 106.37[​IMG]

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