USD/JPY at Range Highs; 103.25 Still Possible
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Range conditions are firmly entrenched between 101.35 and 103.25.”
-“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.” 102.26 was taken out and that level now becomes possible support.
--Trading ideas are availabletoJ.S. Trade Desk members.