Japanese Yen Wave Pattern is USD Bullish
60 Minute Bars
Prepared by Jamie Saettele, CMT
With the potential for intervention, bullish price action piques my interest. The rally from the 2/2 low is an impulse therefore longs are favored on pullbacks into support between 7635/50. Risk on longs is minimal at 7600 (under 2/1 low).
Bottom Line – long, stop 7600, target open