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Trade Idea Wrap-up: USD/JPY - Sell at 109.50

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 12, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's rebound after yesterday's marginal fall to 107.63 suggests minor consolidation above this level would be seen and corrective bounce to 108.90, then resistance at 109.10 cannot be ruled out, however, reckon 109.45-50 (38.2% retracement of 112.46-107.63) would limit upside and bring another decline later. Below 108.00-10 would signal the[​IMG]

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