(07 MAY 2020)USD/JPY Bullish bias above 106.00.

(07 MAY 2020)USD/JPY Bullish bias above 106.00.

7 May 2020, 08:53
Jiming Huang
0
79

jp
Pivot
 (invalidation): 106.00
Our preference
Long positions above 106.00 with targets at 106.40 & 106.65 in extension.
Alternative scenario
Below 106.00 look for further downside with 105.75 & 105.60 as targets.
Comment
A support base at 106.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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