Daily Bars
The USDJPY has broken lower and focus remains on the all time low just below 8000 (1995 low). A multi month resistance line has held and the downside is favored against 8590. 8290 may serve as support (161.8% extension) ahead of 8000.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical analysis of currency crosses on Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.
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