USD/JPY Reaches Expansion Target of 115
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The biggest (and most obvious) level that sticks out is 115.00/50 (range expansion level is 114.98 and inflection points in 2002 and 2007).” 115.50/50 was also outlined in Friday’s report. This is a good place for a reaction back into 113.00/50 before another rally attempt.
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