USDJPY Lower highs…Steady Lows…A Wedge it is

The USDJPY could, should and may be forming a wedge with 81.70 as it's base.  The pair has made lower highs since pushing above the 81.70 level.  A downward sloping trend line from 82.80 has capped the price action over the last week or so.  A break above the top of the wedge exposes resistance at 83.20.  A push below the 81.70 level could lead to a test of the 81/80.60 resistance zone.  The NFP report in early North American trading could be the catalyst to set the pair free. 

Sup          81.70

Res           82.80

Keane Plan....Looks to be in a wedge.  NFP could set free.  If the pair remains in the wedge post NFP playing Wedge is the plan.

 

Non subscribers can have a Free 1-week trial HERE

To Access Daily Wake Up Call Videos, Current KEANE TRADES and Private Twitter Feed Click HERE

Leave a Reply