Tanalys

USD/JPY Looks So Bearish That it Might be Bullish

Daily

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.

LEVELS: 99.13 100.60 101.02 | 101.62 102.00 102.52

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

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