(17 MAY 2019)USD/JPY:The upside prevails.

(17 MAY 2019)USD/JPY:The upside prevails.

17 May 2019, 10:26
Jiming Huang
0
10

jp

Pivot (invalidation): 109.70

Our preference

Long positions above 109.70 with targets at 110.05 & 110.30 in extension.

Alternative scenario

Below 109.70 look for further downside with 109.50 & 109.35 as targets.

Comment

The break above 109.70 is a positive signal that has opened a path to 110.05.

(By Swissquote TRADING CENTRAL)


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