(04 August 2020)USD/JPY Bullish bias above 105.85.

(04 August 2020)USD/JPY Bullish bias above 105.85.

4 August 2020, 08:58
Jiming Huang
0
76

jp
Pivot
 (invalidation): 105.85
Our preference
Long positions above 105.85 with targets at 106.45 & 106.70 in extension.
Alternative scenario
Below 105.85 look for further downside with 105.55 & 105.25 as targets.
Comment
A support base at 105.85 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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