USD/JPY Pressing 4 Month Resistance Level
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. 102.55/80 is resistance.
-Risk is lower below 103.08 and a break below 100.75 would shift focus to 99.00/56. Exceeding 103.25 (daily close) would open up the April high at 104.12 and a measured target at 104.65.
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