USD/JPY Struggling at 102.55/80 Resistance Zone

By DailyFx | Updated August 14, 2014 AAA

DailyFX.com -

Daily

USD/JPY Struggling at 102.55/80 Resistance Zone

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. 102.55/80 is resistance.

-Risk is lower below 103.08 and a break below 100.75 would shift focus to 99.00/56.

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

You May Also Like

Related Forex Analysis
  1. Forex News

    USD/JPY Stuck in a Triangle

  2. Forex News

    USD/JPY Coil Tightens

  3. Forex News

    USD/JPY climbs toward 118.00

  4. Forex News

    USD/JPY sees a minor recovery

  5. Forex News

    Forex Top Movers: US counterattack in the 'currency war;' USD tumbles

Trading Center