USD/JPY Rockets off of Range Lows
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“USDJPY held up into the New Year but dipped below channel support last week. A sideways pattern could take hold. 116.40-117.20 is a zone to watch for support.”
-The rate slid below the mentioned 116.40 but did hold the December low. Favor the range with resistance starting near 118.80.
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