(11 JUNE 2020)USD/JPY Capped by a negative trend line.

(11 JUNE 2020)USD/JPY Capped by a negative trend line.

11 June 2020, 09:22
Jiming Huang
0
68

jp
Pivot
 (invalidation): 107.30
Our preference
Short positions below 107.30 with targets at 106.75 & 106.50 in extension.
Alternative scenario
Above 107.30 look for further upside with 107.60 & 107.90 as targets.
Comment
A break below 106.75 would trigger a drop towards 106.50.

(By Swissquote TRADING CENTRAL)

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