(21 February 2020)USD/JPY The bias remains bullish.

(21 February 2020)USD/JPY The bias remains bullish.

21 February 2020, 08:47
Jiming Huang
0
56

jp
Pivot
 (invalidation): 111.75
Our preference
Long positions above 111.75 with targets at 112.20 & 112.40 in extension.
Alternative scenario
Below 111.75 look for further downside with 111.55 & 111.35 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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