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USD/JPY Pulls off of 102.50; Upside Break Expected Eventually

USD/JPY Pulls off of 102.50; Upside Break Expected Eventually

2014-03-05 22:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_usd-jpy_body_Picture_6.png, USD/JPY Pulls off of 102.50; Upside Break Expected Eventually

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“After tightening for most of February, the USDJPY gapped lower to begin March. Still, near term conditions remain of the range variety.”

-“A rally towards 103.45/85 remains favored as long as price is above the February low.” Look higher.

LEVELS: 101.44 101.64 101.89 | 102.52 102.85 103.44

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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