(08 OCTOBER 2018)USD/JPY:Target 114.25.

(08 OCTOBER 2018)USD/JPY:Target 114.25.

8 October 2018, 10:19
Jiming Huang
0
48

jpy

Pivot (invalidation): 113.55

Our preference

Long positions above 113.55 with targets at 113.95 & 114.25 in extension.

Alternative scenario

Below 113.55 look for further downside with 113.30 & 113.00 as targets.

Comment

The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL) 

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