(03 April 2020)USD/JPY Bullish bias above 107.70.

(03 April 2020)USD/JPY Bullish bias above 107.70.

3 April 2020, 08:41
Jiming Huang
0
91

jp
Pivot
 (invalidation): 107.70
Our preference
Long positions above 107.70 with targets at 108.25 & 108.50 in extension.
Alternative scenario
Below 107.70 look for further downside with 107.40 & 107.00 as targets.
Comment
A support base at 107.70 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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