(05 February 2020)USD/JPY Bullish bias above 109.25.

(05 February 2020)USD/JPY Bullish bias above 109.25.

5 February 2020, 08:57
Jiming Huang
0
67

jp
Pivot
 (invalidation): 109.25
Our preference
Long positions above 109.25 with targets at 109.65 & 109.80 in extension.
Alternative scenario
Below 109.25 look for further downside with 109.05 & 108.85 as targets.
Comment
Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)

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