USD/JPY Rebounds after NFP Low Test; Drop is in 3 Waves
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-The decline from 100.60 channels in a corrective manner (3 waves) and nearly consists of 2 equal waves.
Trading Strategy: Action isn’t right for a breakout last week so I moved to flat. Action down here however is favorable for dip buyers. Long, against 98.20.
LEVELS: 98.20 98.50 99.00 | 99.70 99.89 100.60
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