(07 MAY 2019)USD/JPY:Under pressure.

(07 MAY 2019)USD/JPY:Under pressure.

7 May 2019, 10:20
Jiming Huang
0
50

jp

Pivot (invalidation): 110.95

Our preference

Short positions below 110.95 with targets at 110.55 & 110.30 in extension.

Alternative scenario

Above 110.95 look for further upside with 111.10 & 111.30 as targets.

Comment

A break below 110.55 would trigger a drop towards 110.30.

(By Swissquote TRADING CENTRAL)

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