(23 JULY 2020)USD/JPY Bullish bias above 107.05.

(23 JULY 2020)USD/JPY Bullish bias above 107.05.

23 July 2020, 09:40
Jiming Huang
0
62

jp
Pivot
 (invalidation): 107.05
Our preference
Long positions above 107.05 with targets at 107.20 & 107.30 in extension.
Alternative scenario
Below 107.05 look for further downside with 106.90 & 106.75 as targets.
Comment
A support base at 107.05 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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