(05 MAY 2020)USD/JPY Key resistance at 106.75.

(05 MAY 2020)USD/JPY Key resistance at 106.75.

5 May 2020, 09:05
Jiming Huang
0
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jp
Pivot
 (invalidation): 106.75
Our preference
Short positions below 106.75 with targets at 106.45 & 106.25 in extension.
Alternative scenario
Above 106.75 look for further upside with 106.95 & 107.05 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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