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Trade Idea Wrap-up: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 18, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's rebound after falling to 116.51 suggests consolidation above this level would be seen and upside risk remains for recovery to 117.50, however, only break of 117.90-95 would suggest temporary low has been formed at 116.51, bring retracement of recent decline to 118.10-15 and possibly towards previous resistance at 118.38[​IMG]

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