(09 JUNE 2020)USD/JPY Target 107.40.

(09 JUNE 2020)USD/JPY Target 107.40.

9 June 2020, 08:44
Jiming Huang
0
70

jp
Pivot
 (invalidation): 108.55
Our preference
Short positions below 108.55 with targets at 107.80 & 107.40 in extension.
Alternative scenario
Above 108.55 look for further upside with 108.90 & 109.35 as targets.
Comment
As Long as the resistance at 108.55 is not surpassed, the risk of the break below 107.80
remains high.

(By Swissquote TRADING CENTRAL)

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