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USD/JPY 110.12/65 is in Focus

USD/JPY 110.12/65 is in Focus

2014-09-23 17:39:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/JPY 110.12/65 is in Focus

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 103.50. 106.80-107.40 is support.”

-Stay focused on 110.12/65 (latter level is the October 2008 high).

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

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