(09 March 2020)USD/JPY The downside prevails.

(09 March 2020)USD/JPY The downside prevails.

9 March 2020, 09:08
Jiming Huang
0
98

jpy
Pivot
 (invalidation): 103.60
Our preference
Short positions below 103.60 with targets at 101.50 & 100.50 in extension.
Alternative scenario
Above 103.60 look for further upside with 104.45 & 105.00 as targets.
Comment
The RSI has broken down its 30 level.

(By Swissquote TRADING CENTRAL)

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