Tanalys

USD/JPY Reaches Expansion Target of 115

Weekly

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The biggest (and most obvious) level that sticks out is 115.00/50 (range expansion level is 114.98 and inflection points in 2002 and 2007).” 115.50/50 was also outlined in Friday’s report. This is a good place for a reaction back into 113.00/50 before another rally attempt.

–Trading ideas are availabletoJ.S. Trade Desk members.

Exit mobile version