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

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

12 March 2020, 08:52
Jiming Huang
0
76

jp
Pivot
 (invalidation): 104.15
Our preference
Short positions below 104.15 with targets at 102.80 & 102.00 in extension.
Alternative scenario
Above 104.15 look for further upside with 104.70 & 105.10 as targets.
Comment
As Long as the resistance at 104.15 is not surpassed, the risk of the break below 102.80
remains high.

(By Swissquote TRADING CENTRAL)

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