(09 JULY 2018)USD/JPY:110.70 expected.

(09 JULY 2018)USD/JPY:110.70 expected.

9 July 2018, 09:29
Jiming Huang
0
61

jp

Pivot (invalidation): 110.30

Our preference

Long positions above 110.30 with targets at 110.55 & 110.70 in extension.

Alternative scenario

Below 110.30 look for further downside with 110.10 & 109.95 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL) 

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