USD/JPY Presses the Limits of Sanity
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDJPY continues to press against an upper median line parallel. A decent reaction on Monday could be the beginning of something bigger on the downside but a break of 115 is needed to indicate as much. Until then, Fib levels of interest are 118.59 (88.6% of decline from 2007), and 120.11 (61.8% decline from 1998)
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