(18 February 2020)USD/JPY The downside prevails.

(18 February 2020)USD/JPY The downside prevails.

18 February 2020, 08:43
Jiming Huang
0
79

jp
Pivot
 (invalidation): 109.85
Our preference
Short positions below 109.85 with targets at 109.60 & 109.50 in extension.
Alternative scenario
Above 109.85 look for further upside with 109.95 & 110.10 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)

Share it with friends: