(12 August 2020)USD/JPY Towards 107.10.

(12 August 2020)USD/JPY Towards 107.10.

12 August 2020, 09:13
Jiming Huang
0
106

jp
Pivot
 (invalidation): 106.45
Our preference
Long positions above 106.45 with targets at 106.90 & 107.10 in extension.
Alternative scenario
Below 106.45 look for further downside with 106.25 & 105.95 as targets.
Comment
The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL)