(04 FEBRUARY 2019)USD/JPY:The upside prevails.

(04 FEBRUARY 2019)USD/JPY:The upside prevails.

4 February 2019, 08:52
Jiming Huang
0
16

jpy

Pivot (invalidation): 109.40

Our preference

Long positions above 109.40 with targets at 109.75 & 110.00 in extension.

Alternative scenario

Below 109.40 look for further downside with 109.15 & 108.95 as targets.

Comment

A support base at 109.40 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)


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