(31 OCTOBER 2018)USD/JPY:Supported by a rising trend line.

(31 OCTOBER 2018)USD/JPY:Supported by a rising trend line.

31 October 2018, 09:10
Jiming Huang
0
43

jpy

Pivot (invalidation): 112.90

Our preference

Long positions above 112.90 with targets at 113.40 & 113.70 in extension.

Alternative scenario

Below 112.90 look for further downside with 112.65 & 112.40 as targets.

Comment

The RSI is bullish and calls for further advance

(By Swissquote TRADING CENTRAL) 


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