The USDJPY managed to break above the descending TL that has guided the pair lower for the last four months last week. The cross is now resting around the .618 fib at 79.25 from the move lower starting in June. Any move back towards the 78,85 level could find buyers in the short-term. Resistance begins at 76.65.
Sup 79.25 ( .618 Fib) 78.85 (.50 Fib)
Keane Plan...Looking for a pullback to the .50 fib at 78.85
To Access Today’s Yen Talk, Daily Wake Up Call Videos, Current KEANE TRADES and Private Twitter Feed Click HERE
Non subscribers can have a Free 1-week trial HERE