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USD/JPY Holding Up in the Face of Stock Market Action

USD/JPY Holding Up in the Face of Stock Market Action

2014-04-09 12:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_usd-jpy_body_Picture_6.png, USD/JPY Holding Up in the Face of Stock Market Action

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDJPY was unable to hold its breakout above the March high. The decline from Friday found support from the 2/4 close (low day of 2014) at 101.63.

-Watch 102.00/50 for resistance.

LEVELS: 100.40 100.75 101.20 | 102.07 102.50 102.80

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

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