Daily Bars
Prepared by Jamie Saettele, CMT
Today’s inside day offers points of reference to manage longs. Risk can be moved from 7750 to 7815 as a drop below 7815. Exceeding 7892 would increase confidence in an extension towards 8009 and 8960. “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.” 7847 remains support.
LEVELS: 7774 7816 7846 7903 7965 8009
