(12 MAY 2020)USD/JPY Turning down.

(12 MAY 2020)USD/JPY Turning down.

12 May 2020, 13:34
Jiming Huang
0
65

jp
Pivot
 (invalidation): 107.75
Our preference
Short positions below 107.75 with targets at 107.00 & 106.75 in extension.
Alternative scenario
Above 107.75 look for further upside with 108.00 & 108.30 as targets.
Comment
The immediate trend remains down and the momentum is strong.

(By Swissquote TRADING CENTRAL)

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