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

By DailyFx | August 07, 2014 AAA

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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.

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