USD/JPY Near Term Resistance at 102.55
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Range conditions are firmly entrenched between 101.35 and 103.25.”
-The near term bias remains towards 101.35. 102.55 is resistance.
-Seasonality points lower into October and a break below 100.75 would shift focus to 99.00/56.
--Trading ideas are availabletoJ.S. Trade Desk members.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.