(10 JULY 2019)USD/JPY:Supported by a rising trend line.

Pivot (invalidation): 108.70

Our preference

Long positions above 108.70 with targets at 109.10 & 109.25 in extension.

Alternative scenario

Below 108.70 look for further downside with 108.55 & 108.40 as targets.

Comment

The RSI calls for a new upleg.

(By Swissquote TRADING CENTRAL)