USD/JPY closed over the 2x1 Gann angle line of the year’s high at 100.00 on Friday Our near-term trend bias is higher in the exchange rate while above 98.60 A major upside pivot is the 3rd square root progression of the year’s high at 100.65 with a daily close above needed to confirm that another period of important strength in the exchange rate is underway A minor turn window is seen today and at the end of the week Only a move under the 5th square root progression of the year’s high near 98.60 would turn us negative on USD/JPY USD/JPY Strategy: Like the long side while over 98.60. Instrument Support 2 Support 1 ... (full story)