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Trade Idea Wrap-up: USD/JPY - Sell at 122.45

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 9, 2015.

  1. Lily

    Lily Forum Member

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    Current breach of indicated support at 122.22-26 suggests a downside break of recent established range has occurred and erratic decline from 123.76 top is likely to bring retracement of early upmove, below 121.80-85 would extend weakness to 121.51-58 (38.2% Fibonacci retracement of 118.06-123.76 and previous resistance, then 121.20, however, reckon[​IMG]

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