USD/JPY Lower Lows Below 102.26
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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
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