(08 MAY 2020)USD/JPY Bullish bias above 106.20.

(08 MAY 2020)USD/JPY Bullish bias above 106.20.

8 May 2020, 08:54
Jiming Huang
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j p
Pivot
 (invalidation): 106.20
Our preference
Long positions above 106.20 with targets at 106.45 & 106.65 in extension.
Alternative scenario
Below 106.20 look for further downside with 106.00 & 105.80 as targets.
Comment
A support base at 106.20 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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