(08 AUGUST 2019)USD/JPY:The upside prevails.

(08 AUGUST 2019)USD/JPY:The upside prevails.

8 August 2019, 09:13
Jiming Huang
0
59

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Pivot (invalidation): 105.90

Our preference

Long positions above 105.90 with targets at 106.60 & 107.00 in extension.

Alternative scenario

Below 105.90 look for further downside with 105.45 & 105.05 as targets.

Comment

The break above 105.90 is a positive signal that has opened a path to 106.60.

.(By Swissquote TRADING CENTRAL)


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