(08 April 2020)USD/JPY Key resistance at 109.00.

(08 April 2020)USD/JPY Key resistance at 109.00.

8 April 2020, 09:00
Jiming Huang
0
83

jp
Pivot
 (invalidation): 109.00
Our preference
Short positions below 109.00 with targets at 108.50 & 108.30 in extension.
Alternative scenario
Above 109.00 look for further upside with 109.25 & 109.40 as targets.
Comment
As Long as the resistance at 109.00 is not surpassed, the risk of the break below 108.50
remains high.

(By Swissquote TRADING CENTRAL)

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