USD/JPY Dip Finds Support a Few Pips Before 101.63

Jamie Saettele, CMT
February 13, 2014

Daily

eliottWaves_usd-jpy_body_Picture_6.png, USD/JPY Dip Finds Support a Few Pips Before 101.63
eliottWaves_usd-jpy_body_Picture_6.png, USD/JPY Dip Finds Support a Few Pips Before 101.63

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-Bigger picture traders should be looking to participate in the long term bull. The decline from the top can be characterized as a wedge. Support is at 101.63 and 101.26.

-102.85/93 is a good level for a pullback. This level is defined by the 1/13 low, 1/30 and 1/31 highs.

LEVELS: 101.26 101.63 101.85 | 102.63 103.44 103.86

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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