(20 DECEMBER 2018)USD/JPY:Bullish bias above 112.30.

(20 DECEMBER 2018)USD/JPY:Bullish bias above 112.30.

20 December 2018, 09:00
Jiming Huang
0
62

jpy

Pivot (invalidation): 112.30

Our preference

Long positions above 112.30 with targets at 112.65 & 112.85 in extension.

Alternative scenario

Below 112.30 look for further downside with 112.10 & 112.00 as targets.

Comment

A support base at 112.30 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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