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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 2, 2016.

  1. Lily

    Lily Forum Member

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    Although the greenback has risen again after intra-day brief retreat to 102.80 and near term upside risk remains for recent upmove from 99.54 to extend gain to 104.45 (61.8% Fibonacci retracement of 107.49-99.54), loss of upward momentum should prevent sharp move beyond 104.90-00, risk from there is seen for a retreat later.[​IMG]

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