Japanese Yen 8250 a Level of Interest
Prepared by Jamie Saettele
“One can view the USDJPY action since November as consolidation prior to a continuation of weakness or a basing pattern that will lead to a break higher.” The rally through trendline resistance earlier this month favors an eventual upside break. If the larger trend has turned up, then 8247/66 should hold as support (former resistanc and also 20 and 50 day averages).
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