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USD/JPY Nears Short Term Breakdown Target of 107.06

USD/JPY Nears Short Term Breakdown Target of 107.06

2016-04-07 18:24:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/JPY Nears Short Term Breakdown Target of 107.06

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to the latest USD/JPY comments. “USD/JPY has broken down from a running triangle. The objective is 107.06 but be aware of reversal warning signs, including divergence with gold (not at a new high), and divergence with the Nikkei 225 (not at a new low).”

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

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