(15 APRIL 2019)USD/JPY:Bullish bias above 111.85.

(15 APRIL 2019)USD/JPY:Bullish bias above 111.85.

15 April 2019, 09:38
Jiming Huang
0
9

jp

Pivot (invalidation): 111.85

Our preference

Long positions above 111.85 with targets at 112.10 & 112.20 in extension.

Alternative scenario

Below 111.85 look for further downside with 111.65 & 111.50 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)

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