(19 AUGUST 2019)USD/JPY:Supported by a rising trend

(19 AUGUST 2019)USD/JPY:Supported by a rising trend

19 August 2019, 09:04
Jiming Huang
0
44

jp

Pivot
 (invalidation): 106.20
Our preference
Long positions above 106.20 with targets at 106.50 & 106.75 in extension.
Alternative scenario
Below 106.20 look for further downside with 105.95 & 105.65 as targets.
Comment
A support base at 106.20 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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