USDJPY 50% Retracement of Interest at 8009
Prepared by Jamie Saettele, CMT
The March low gave way today and focus is on the 50% retracement of the advance from 7602 at 8009 and the October 2011 intervention high at 7953. 8060/80 is now resistance and Friday’s high (5119) defines near term direction.
Bottom Line (next 5 days) – sideways/down
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