Tanalys

USD/JPY 102.85 is a Reaction Area

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

USDJPY was unable to hold its breakout above the March high. Still, a final high isn’t out of the question in order to complete 5 waves up from the March low.

-If the market drifts lower, then 102.30 or 102.80 could give way to a bounce.

LEVELS: 102.30 102.50 102.80 | 103.82 104.20 104.78

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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