DailyFX.com -

Daily

USD/JPY at Range Highs; 103.25 Still Possible

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.”

-“Consider 102.26 the bull/bear dividing line at this point. Strength above the level would be an early sign that trade from the January high composes a bullish triangle. Below 100.75 (February low) would open up 99.00/56.” 102.26 was taken out and that level now becomes possible support.

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

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Strategy Video: China’s Financial Markets Pose More Immediate Threat than Economy

  2. Forex News

    Japanese Yen Stumbles, but is a USDJPY Rally Above ¥124 Justified?

  3. Forex News

    Daily Observations: Checking in on GBP-crosses, USD-pairs

  4. Forex News

    FX: CFTC Commitment of Traders Report - TDS

  5. Forex News

    USD/JPY: In the bullish zone, testing 124.00

Trading Center