Still range trading USDJPY. After finding a top just shy of the 20 day midpoint at 99.35 (6/6 high at 99.46) on Monday, the USDJP fell through the large volume area of 96.52/62, dropping as low as 95.59 in late US trading yesterday. In true range fashion, price has crossed back above 96.62 and focus is higher towards the 6/10 close at 98.74. 97.51 is now interim resistance.
A USDCHF swing long was triggered at .9295 yesterday. The stop will be trailed as price action dictates.
Follow me on Twitter @JamieSaettele
Email List (Technicals sent in PDF form once a day)
- Basic Materials Industry
- Finance Trading