USD/JPY Spikes Under Short Term Trendline but Holds Daily Close
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The USDJPY range has tightened for most of February. The choppy trade since the 2/11 high probably composes a B wave triangle within a 3 wave rally from the early February low.
-The implications are for a C wave rally to begin in the next few days towards 103.45/85.
LEVELS: 101.26 101.63 101.82 | 102.52 103.44 103.86
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