Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–USDJPY has rebounded from the line that extends off of the February and 3/14 lows. The rally from the February low channels in a corrective manner and makes 104.12 important from a bigger picture bearish perspective.
-The rate has traded into the estimated resistance zone (102.00/50). I’m on the lookout for a top (102.50?).
LEVELS: 101.19 101.63 102.12 | 102.50 102.70 103.20
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.