Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-USDJPY closed under 97.49, triggering a breakout within the ideal breakdown window for the triangle that originates from the June low.
-Focus is on the 100% extension of the July decline below 95. The underside of the June-August line along with the 9/18 and 10/1 low are resistance near 97.75.
Trading Strategy: Looking to align with downtrend at 97.75 with a 98.75 stop and target of 95.
LEVELS: 95.36 95.80 96.70 | 97.75 98.25 98.72
USD/JPY Threatening Breakdown towards August Low
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