USD/JPY Surpasses 108.30 Target; Next One is 110.12
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 103.50. 106.80-107.40 is support.
--Trading ideas are availabletoJ.S. Trade Desk members.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.