(09 October 2020)USD/JPY The downside prevails.

(09 October 2020)USD/JPY The downside prevails.

9 October 2020, 08:58
Jiming Huang
0
108

jp
Pivot
 (invalidation): 106.05
Our preference
Short positions below 106.05 with targets at 105.70 & 105.55 in extension.
Alternative scenario
Above 106.05 look for further upside with 106.20 & 106.30 as targets.
Comment
The immediate trend remains down and the momentum is strong.

(By Swissquote TRADING CENTRAL)