(01 MAY 2020)USD/JPY Caution.

(01 MAY 2020)USD/JPY Caution.

1 May 2020, 09:08
Jiming Huang
0
90

jp
Pivot
 (invalidation): 107.00
Our preference
Long positions above 107.00 with targets at 107.50 & 107.80 in extension.
Alternative scenario
Below 107.00 look for further downside with 106.80 & 106.50 as targets.
Comment
A support base at 107.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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