Blake Morrow’s Chart of The Day – June 29th 2021
USDJPY
The USDJPY has proved to us that the 111.00 level is key resistance as we head into a key week of data. Between the NFP and all the ISM readings this week, the USDJPY is poised to breakout above the 111.00 level or turn lower and crack channel support near the 109.75 and put in a longer term double top. Or at very least, establish a 108.00-111.00 intermediate range.
Blake Morrow
