USD/JPY is Heavier than Lead
Chart Prepared by Jamie Saettele, CMT
-Activity over the last week in USD/JPY drives home the point that the current market is very different than that of the last few years. The BoJ inspired rally (into resistance no less…200 day average and former slope support) has been completely retraced. That’s new as such rallies used to extend. Remember, a major topping pattern would complete on a break under 115.50.
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