USD/JPY Trades at the Year Open (Important Reference Point)
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Range conditions are no more as momentum suggests that a new bull leg is underway.” 104.78 was the final level that could have inspired a reaction (pullback) before the highs. Focus is now on expansion targets at 108.33 and 110.12 as long as price is above 102.50.
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