(MENAFN- DailyFX)
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-USDJPY is trading on support from the line that extends off of the February and 3/14 lows. The rally from the February low channels in a corrective manner and makes 104.12 important from a bigger picture bearish perspective.
-Watch 102.00/50 for resistance.
LEVELS: 100.40 100.75 101.20 102.15 102.50 102.80
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
original source
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