(11 March 2020)USD/JPY Under pressure.

(11 March 2020)USD/JPY Under pressure.

11 March 2020, 08:57
Jiming Huang
0
82

jp
Pivot
 (invalidation): 105.25
Our preference
Short positions below 105.25 with targets at 104.20 & 103.70 in extension.
Alternative scenario
Above 105.25 look for further upside with 105.90 & 106.35 as targets.
Comment
The break below 105.25 is a negative signal that has opened a path to 104.20.

(By Swissquote TRADING CENTRAL)