USD/JPY Channel and 200 Day Average at 108.55
Chart Prepared by Jamie Saettele, CMT
-Heads up on 108.55 (channel and 200 day average) as per the last note. “USD/JPY ended up rolling over between 111.60 and 112.60 (high was 112.20). The rally failing in the middle of congestion doesn’t bode well for near term upside. Failure to gain traction now (above this parallel) opens up 108.55.”
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