(24 OCTOBER 2018)USD/JPY:112.85 expected.

(24 OCTOBER 2018)USD/JPY:112.85 expected.

24 October 2018, 11:02
Jiming Huang
0
55

jpy

Pivot (invalidation): 112.30

Our preference

Long positions above 112.30 with targets at 112.60 & 112.85 in extension.

Alternative scenario

Below 112.30 look for further downside with 112.15 & 111.95 as targets.

Comment

The RSI calls for a new upleg.

(By Swissquote TRADING CENTRAL) 

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