(14 MAY 2020)USD/JPY Capped by a negative trend line.

(14 MAY 2020)USD/JPY Capped by a negative trend line.

14 May 2020, 08:45
Jiming Huang
0
91

jp
Pivot
 (invalidation): 107.10
Our preference
Short positions below 107.10 with targets at 106.70 & 106.55 in extension.
Alternative scenario
Above 107.10 look for further upside with 107.25 & 107.45 as targets.
Comment
As Long as the resistance at 107.10 is not surpassed, the risk of the break below 106.70
remains high.

(By Swissquote TRADING CENTRAL)

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