USDJPY Interim Resistance Now at 8000
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 at the recent low from the 20 day average, channel support, and topside of the inverse head and shoulders neckline. 8000 is interim resistance and near term upside is favored against 7920 (Wednesday low).
LEVELS: 7860 7920 7950 8000 8060 8100