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USD/JPY – Pay Attention to 110.10

USD/JPY – Pay Attention to 110.10

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-The last update noted that “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.” The level has held so USD/JPY may be in for a run at the former 110.10 support. Watch that level for resistance if reached.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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