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USD/JPY Inches Towards Horizontal Resistance

USD/JPY Inches Towards Horizontal Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/JPY Inches Towards Horizontal Resistance

Chart Prepared by Jamie Saettele, CMT

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

-USD/JPY continues to press range highs as long term slope support continues to hold (line pinpointed the October 2014 and 8/24/15 ‘crash’ lows). It’s tough to be bearish for anything other than short term pullbacks as long as this line holds.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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

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