(16 AUGUST 2018)USD/JPY:The upside prevails.

(16 AUGUST 2018)USD/JPY:The upside prevails.

16 August 2018, 09:48
Jiming Huang
0
59

jpy

Pivot (invalidation): 110.45

Our preference

Long positions above 110.45 with targets at 110.95 & 111.20 in extension.

Alternative scenario

Below 110.45 look for further downside with 110.15 & 109.90 as targets.

Comment

The RSI is bullish and calls for further upside

(By Swissquote TRADING CENTRAL) 

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