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USDJPY Levels to Fade into Jackson Hole

U.S. Dollar / Japanese Yen (FX:USDJPY)  
jsaettele  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
2
0
trendanalysis
USDJPY tagged the center line of the channel from the 7/31 low today, which confirms the channel as ‘operable’. A break above the channel opens up the top of the channel, which intersects channel resistance from the March high at 107.80 (200 day average is 108.00). Proposed support is 105.90.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
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