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USD/JPY 20 Day ATR is Lowest Since October

USD/JPY 20 Day ATR is Lowest Since October

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“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.”

-Range conditions remain with 119.80-120.70 as resistance and 116.40-117.10 as support.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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