(04 JULY 2019)USD/JPY:Key resistance at 107.90.

(04 JULY 2019)USD/JPY:Key resistance at 107.90.

4 July 2019, 09:22
Jiming Huang
0
36

jpy

Pivot (invalidation): 107.90

Our preference

Short positions below 107.90 with targets at 107.65 & 107.50 in extension.

Alternative scenario

Above 107.90 look for further upside with 108.10 & 108.25 as targets.

Comment

A break below 107.65 would trigger a drop towards 107.50.

(By Swissquote TRADING CENTRAL)