(27 JULY 2020)USD/JPY The downside prevails.

(27 JULY 2020)USD/JPY The downside prevails.

27 July 2020, 08:54
Jiming Huang
0
64

jp
Pivot
 (invalidation): 105.90
Our preference
Short positions below 105.90 with targets at 105.25 & 105.00 in extension.
Alternative scenario
Above 105.90 look for further upside with 106.15 & 106.45 as targets.
Comment
The break below 105.90 is a negative signal that has opened a path to 105.25.

(By Swissquote TRADING CENTRAL)


Share it with friends: