USD/JPY Pulling Back from Former Support Line
Chart Prepared by Jamie Saettele, CMT
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-The USD/JPY breakout has stalled at former support (the line that extends off of the early 2015 lows). The rally from the August low also consists of 2 equal waves so it’s possible that the rally is done. Below 121.70 would suggest as much. Until then, respect upside.
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