(16 JULY 2018)USD/JPY:Continuation of the rebound.

(16 JULY 2018)USD/JPY:Continuation of the rebound.

16 July 2018, 10:15
Jiming Huang
0
47

jpy

Pivot (invalidation): 112.25

Our preference

Long positions above 112.25 with targets at 112.80 & 113.00 in extension.

Alternative scenario

Below 112.25 look for further downside with 111.90 & 111.60 as targets.

Comment

The RSI calls for a new upleg.

(By Swissquote TRADING CENTRAL) 

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