USDJPY Trades Through Key Level as 80 Awaits
Prepared by Jamie Saettele, CMT
“Is the USDJPY starting to make a move? A break above 7921 would warrant a bullish bias towards at least 7981. 7921 is the 9/19 high and 23.6% extension of the record low to March high extended off of the September low. Until price breaks 7921, the market is in a range with 7830/60 as support.” The USDJPY closed just above 7921 today and focus is higher towards 7967/82 and ultimately the big round figure (80). If the break is ‘for real’, then price should remain above 7794. 7861/96 is support.
LEVELS: 7861 7896 7923 7967 7981 8010