Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-βIβm still watching for a higher low (above 111.58) in USD/JPY as per the comments regarding RSI (daily holding 40).β USD/JPY has turned up and 115.00ish represents a good test for strength. The level is defined by the 55 day average and former highs/lows since early January. If price can clear 115.00 then focus would shift towards the trendline near 118.00.