USD/JPY Near Term Resistance at 102.55

By DailyFx | Updated August 12, 2014 AAA

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USD/JPY Near Term Resistance at 102.55

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Range conditions are firmly entrenched between 101.35 and 103.25.”

-The near term bias remains towards 101.35. 102.55 is resistance.

-Seasonality points lower into October and a break below 100.75 would shift focus to 99.00/56.

--Trading ideas are availabletoJ.S. Trade Desk members.

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