(08 JULY 2019)USD/JPY:Bullish bias above 108.20.

(08 JULY 2019)USD/JPY:Bullish bias above 108.20.

8 July 2019, 09:10
Jiming Huang
0
48

jp

Pivot (invalidation): 108.20

Our preference

Long positions above 108.20 with targets at 108.65 & 108.80 in extension.

Alternative scenario

Below 108.20 look for further downside with 108.05 & 107.90 as targets.

Comment

A support base at 108.20 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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