USD/JPY Daily RSI at Highest Level all Year
Chart Prepared by Jamie Saettele, CMT
-USD/JPY has broken through trendline resistance therefore focus is towards 105 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.”
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