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USD/JPY Consolidates Under Long Term Median Line

USD/JPY Consolidates Under Long Term Median Line

2015-12-01 18:39:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/JPY Consolidates Under Long Term Median Line

Chart Prepared by Jamie Saettele, CMT

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

-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.

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

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