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USD/JPY Unchanged; Trigger Line Remains 9235

USD/JPY Unchanged; Trigger Line Remains 9235

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Unchanged; Trigger Line Remains 9235

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: No change from yesterday - “An inside day today presents a possible reversal opportunity in the USDJPY. I say possible because a drop below 9235 is needed to complete the setup. In the event that 9234 prints, objectives are former resistance levels at 9125 and 9025.”

FOREXTrading Strategy: Shorting on a drop below 9235 with 9400 stop / 9125 and 9025 targets.

LEVELS: 9125 9216 9281 9386 9445 9498

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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