USD/JPY at a Measured Level (108.43) but No Sign of a Pause
Chart Prepared by Jamie Saettele, CMT
-USD/JPY is testing an important price in 108.55 (channel and 200 day average). If that level gives however then the cross may be in for a run at the post-election gap at 106.60. “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 upside.”
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