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USD/JPY Has Eyes for 105.50

USD/JPY Has Eyes for 105.50

Jamie Saettele, CMT, Sr. Technical Strategist


USD/JPY Has Eyes for 105.50

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/JPY has broken through trendline resistance therefore focus is on a 105 handle as per the triangle interpretation. Specifically, be aware of the May low at 105.55. Previous comments regarding pattern remain valid. “Price action since the June low (Brexit) could end up as a triangle before another leg lower unfolds.”

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.