USD/JPY Back to Flat on the Month; 98.72 an Important Level for Trend
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-Impulsive strength is consistent with formation of an important low. 98.72 (Oct high) remains the line in the sand for a larger bearish outcome.
-Near term move is getting extended but may test 98.50/70 before a pullback. 97.65/85 is support.
LEVELS: 96.86 97.47 97.84 | 98.26 98.72 98.99
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