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Trade Idea Wrap-up: USD/JPY - Sell at 110.00

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 20, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback found renewed buying interest at 108.76 and has rebounded, retaining our view that near term upside risk remains for the rebound from 107.84 to extend gain towards 109.73, however, still reckon upside would be limited to 110.00-05 (50% Fibonacci retracement of 112.46-107.63) and bring retreat later. Below[​IMG]

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