USD/JPY 103.75/85 Should Prove Difficult to Penetrate

| 10 mars, 2014 | 0 kommentarer

Daily

eliottWaves_usd-jpy_body_Picture_6.png, USD/JPY 103.75/85 Should Prove Difficult to Penetrate

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“After tightening for most of February, the USDJPY gapped lower to begin March. Still, near term conditions remain of the range variety.”

-“A rally towards 103.45/85 remains favored as long as price is above the February low.” Price has reached the target zone. Allowing for a final push to 103.85, this is a great place for a turn lower.

LEVELS: 101.63 102.26 102.79 | 103.39 103.75 104.79

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

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Kategori: Analys från DailyFX

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