Currently: Cash Looking to: Buy @ 105.848
As of 2/26/21 close: 106.509
LAST WEEK: We suggested buying USDJPY at 104.41 with stops on a close below 103.31 and with a target of 108.30.
UPDATE: The USDJPY continues to trade bullishly. The trading action last week took prices up through short-term resistance and opened up much more upside potential for USDJPY in the near-term.
We would look to get long of USDJPY at 105.848 with stops on a close below 104.921 and with an upside target of 109.512.