Tanalys

USD/JPY Responds to 102.70 Again; Near Term Unclear

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.

-103.05/25 remains resistance if reached.

LEVELS: 101.32 101.63 102.05 | 102.70 103.05 103.26

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

Exit mobile version