USD/JPY Probably Headed for 103.25 Test
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“102.35 (lower highs) remains important to the possibility of a breakdown but last Wednesday’s outside day reversal at the 200 day average and (just as important) the next Thursday’s follow through on that reversal puts a dent in prospects for an immediate breakdown and leaves range conditions firmly entrenched between 101.35 and 103.25.”
-Monday’s developments suggest that 103.25 will be seen…probably this week.
LEVELS: 101.35 101.85 102.16 | 102.77 103.00 103.25
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