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Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-USD/JPY has broken through trendline resistance therefore focus is on a 105 handle as per the triangle interpretation. "Price action since the June low (Brexit) could end up as a triangle before another leg lower unfolds. Price found support on 9/7 at the top side of a parallel (former resistance providing support). Strength above the May-July trendline (102.20) is needed in order to suggest that USD/JPY has legs for 104.00-105.00."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
