USD/JPY 102.85 is a Reaction Area
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDJPY was unable to hold its breakout above the March high. Still, a final high isn’t out of the question in order to complete 5 waves up from the March low.
-If the market drifts lower, then 102.30 or 102.80 could give way to a bounce.
LEVELS: 102.30 102.50 102.80 | 103.82 104.20 104.78
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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