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USD/JPY Rips Towards 2010 High

USD/JPY Rips Towards 2010 High

2013-02-11 23:12:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Weekly Bars

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Rips Towards 2010 High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: A late day surge propelled the USDJPY to past Friday's high and price is within striking distance of the 2010 high (just before the flash crash) at 9498. The more aggrese inverse head and shoulders objective is at 9547.

FOREXTrading Strategy: Flat

LEVELS: 9235 9318 9372 9498 9547 9778

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