102.60/69 has been a sticky point for the pair for most of Feb and the 102.60 level has capped the move up once again. We’re trying to break out from the Jan wedge but as we’re following stocks today I’d be wary of seeing another false break unless stocks go higher.
USD/JPY h1 chart
102.50 is the top of the wedge and we’re finding support as the S&P falls back from the high by a few pips.
