Daily
Chart Prepared by Jamie Saettele, CMT
Automate trades with Mirror Trader and see ideas on other USD crosses
-Previous comments remain valid. “From a long term perspective, USD/JPY back to 100 isn’t all that difficult to imagine (former 4th wave… see the count). The rate found support today (10/15) from the parallel extends off of the October 15th, 2014 low (10/15 must be a popular day to sell Yen). This line also pinpointed the 8/24/15 crash low. It’s tough to be bearish as long as this line holds.”
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
