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USDJPY Rips Through Trendline as Focus Shifts to September High

USDJPY Rips Through Trendline as Focus Shifts to September High

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usdjpy_body_usdjpy.png, USDJPY Rips Through Trendline as Focus Shifts to September High

Prepared by Jamie Saettele, CMT

I maintain that the USDJPY drop on 9/13 completed a terminal thrust from a triangle. The minimum objective is the top of the triangle at 8061 although interruptions are to be expected along the way, specifically 7903, 7965, and 8009. 7802/46 is now support. I’m bullish on dips into mentioned support against 7750.

LEVELS: 7774 7816 7846 7903 7965 8009

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

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