USD/JPY Outside Day after Failed Run at 2014 Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“USDJPY has rebounded from the line that extends off of the February and 3/14 lows. The rally from the February low channels in a corrective manner and makes 104.12 important from a bigger picture bearish perspective.” Last week’s high (outside week) at 102.35, is the new pivot.
-A break would target 99.44 (2 equal legs from the Jan high).
LEVELS: 100.00 100.74 100.93 | 101.62 101.95 102.21
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