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Trade Idea Wrap-up: USD/JPY - Sell at 108.25

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 7, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback has retreated after meeting resistance at 107.90, reckon 106.84 support would limit downside and near term upside risk remains for another corrective bounce to 108.05-10 (61.8% Fibonacci retracement of 109.14-106.37), however, price should falter below 108.25-30 (38.2% Fibonacci retracement of 111.35-106.37) and bring another decline.[​IMG]

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