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USD/JPY Lower Lows Below 102.26

USD/JPY Lower Lows Below 102.26

2014-07-17 19:10:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/JPY Lower Lows Below 102.26

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Range conditions are firmly entrenched between 101.35 and 103.25.”

-USDJPY has turned down from trendline resistance. Consider 102.26 the bull/bear dividing line at this point. Strength above the level would be an early sign that trade from the January high composes a bullish triangle. Below 100.75 (February low) would open up 99.00/56.

LEVELS: 100.43 100.74 101.05 | 101.45 101.68 101.85

--Trading ideas are availabletoJ.S. Trade Desk members.

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