USD/JPY at Risk of Short Term Trendline Breaks
Daily Candles
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: To review - Tuesday's inside day after Monday's suspicious late day rally smells like a top. Today's break of the 2x2 trendline (a trendline drawn off of pivots with left strength and right strength of 2) increases evidence that the rubber band is about to snap back&at least to some extent.
FOREXTrading Strategy: Shorting a drop below 9235 with 9400 stop / 9125 and 9025 targets. EURJPY is also in play right now.
LEVELS: 9125 9216 9281 9370 9445 9498
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: To review - Tuesday's inside day after Monday's suspicious late day rally smells like a top. Today's break of the 2x2 trendline (a trendline drawn off of pivots with left strength and right strength of 2) increases evidence that the rubber band is about to snap back&at least to some extent.
FOREXTrading Strategy: Shorting a drop below 9235 with 9400 stop / 9125 and 9025 targets. EURJPY is also in play right now.
LEVELS: 9125 9216 9281 9370 9445 9498
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