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Trade Idea Wrap-up: USD/JPY - Sell at 118.80

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 13, 2016.

  1. Lily

    Lily Forum Member

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    Although near term upside risk remains for the rebound from 116.69 low to bring retracement of recent decline, reckon upside would be limited to 118.65-70 (50% Fibonacci retracement) and resistance at 118.84 should hold and bring another decline later. Below 117.35-40 would suggest the rebound from 116.69 has ended, bring[​IMG]

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