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

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

21 February 2019, 08:47
Jiming Huang
0
54

jpy

Pivot (invalidation): 110.60

Our preference

Long positions above 110.60 with targets at 110.95 & 111.15 in extension.

Alternative scenario

Below 110.60 look for further downside with 110.45 & 110.25 as targets.

Comment

A support base at 110.60 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)