USDJPY Channel Support Presents Opportunity
240 Minute Bars
Prepared by Jamie Saettele, CMT
The sharp USDJPY decline presents an opportunity to align with the larger bull trend against 7860. Support is well defined from the 20 day average, channel support, and topside of the inverse head and shoulders neckline. As a filter to increase chances of success, I suggest adhering to opening range rules (5-9 pm est).
LEVELS: 7860 7900 7920 7980 8060 8100