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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY on track to climb towards 125 by year-end – Scotiabank

  2. Forex News

    USD/JPY drops to 50-DMA on weak US ISM manufacturing PMI

  3. Forex News

    Remain short USD/JPY, target 117.50 – GrowthAces

  4. Forex News

    USD/JPY retreats after ADP employment data

  5. Forex News

    SEB: USD/JPY bearish below 118.93 – eFXnews

Trading Center