(12 AUGUST 2019)USD/JPY:104.95 expected.

(12 AUGUST 2019)USD/JPY:104.95 expected.

12 August 2019, 09:25
Jiming Huang
0
45

. jpy

Pivot
 (invalidation): 105.70
Our preference
Short positions below 105.70 with targets at 105.25 & 104.95 in extension.
Alternative scenario
Above 105.70 look for further upside with 106.00 & 106.30 as targets.
Comment
As Long as the resistance at 105.70 is not surpassed, the risk of the break below 105.25
remains high

(By Swissquote TRADING CENTRAL)

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