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USD/JPY Fibonacci 50% Result

Discussion in 'Technical Analysis' started by Daily.Forex, May 10, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

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    I highlighted yesterday a potential short trade set-up on the USD/JPY currency pair. The idea was based upon waiting for the price to reach the level of 108.72 which is the 50% Fibonacci retracement of the recent strong downwards move.

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