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 closed over the line that extends off of the July and Sep highs.
-If a breakout is to occur this week, then price ideally stays above Monday’s low of 98.92. In bull trends, Monday lows and Friday highs are common.
Trading Strategy: Monitor for a final pullback into 99.60 (top side of trendline) for long entry against 98.90.
LEVELS: 98.91 99.23 99.78 | 100.22 100.60 100.97