Daily Bars

Prepared by Jamie Saettele, CMT
“The environment is conducive to false breaks as the pop above 80 demonstrates. As mentioned last week, “viewed in light of 3 wave advance from 7765, I’ll need a move above 8061 before I can trust USDJPY strength.” Until then, the pair is vulnerable.” The break of channel support shifts focus to 7912 and 7860, which is the 100% extension of the 8061-7912 decline and 6/15 low.
LEVELS: 7810 7860 7912 7965 8010 8060