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USDJPY Marks Time Before Next Move

USDJPY Marks Time Before Next Move

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY Marks Time Before Next Move

Prepared by Jamie Saettele, CMT

No change: “The USDJPY rally has stalled at the bottom of the cited resistance zone (7980-8030) that is heavy with former congestion. In line with the waves in risk across the board, I’m looking lower towards 7900 (791 and 7870 are of interest in particular).”

LEVELS: 7845 7870 7910 7980 8030 8055

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.