(14 DECEMBER 2018)USD/JPY:Bullish bias above 113.40.

(14 DECEMBER 2018)USD/JPY:Bullish bias above 113.40.

14 December 2018, 09:00
Jiming Huang
0
63

jpy

Pivot (invalidation): 113.40

Our preference

Long positions above 113.40 with targets at 113.70 & 113.85 in extension.

Alternative scenario

Below 113.40 look for further downside with 113.25 & 113.10 as targets.

Comment

A support base at 113.40 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)

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