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USD/JPY 8 Days for First Time Since October 2012

Jamie Saettele, CMT

Daily

USD/JPY 8 Days for First Time Since October 2012
USD/JPY 8 Days for First Time Since October 2012

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-USDJPY has rebounded from the line that extends off of the February and 3/14 lows. The rally from the February low channels in a corrective manner and makes 104.12 important from a bigger picture bearish perspective.

-102.70 is a reaction level but a better tell might not come until 103.05/26.

LEVELS: 101.63 102.13 102.44 | 102.70 103.05 103.26

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.


original source

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