DailyFX.com -

Daily

USD/JPY Slammed into Range; a Confluence Rests Near 101.30

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 102.26 dividing line has given way and points lower towards a confluence near 101.30.

-A break of the February low would point to 99.00/50.

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

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY: Bears regain control, 123 on sight

  2. Forex News

    USD/JPY: Bulls offered support near 123.30

  3. Forex News

    USDJPY Will Drop as Risk Aversion Intensify, But It Will Rally if Severe

  4. Forex News

    BOJ: changing the metrics - BBH

  5. Forex News

    USD/JPY: Heading towards key support at 55 DMA

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!