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USD/JPY 104.80-105.40 is Now Possible Support

USD/JPY 104.80-105.40 is Now Possible Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/JPY 104.80-105.40 is Now Possible Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“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. 104.80-105.40 is support.

--Trading ideas are availabletoJ.S. Trade Desk members.

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