(30 April 2020)USD/JPY Bullish bias above 106.55.

(30 April 2020)USD/JPY Bullish bias above 106.55.

30 April 2020, 08:55
Jiming Huang
1
105

jp
Pivot
 (invalidation): 106.55
Our preference
Long positions above 106.55 with targets at 106.90 & 107.10 in extension.
Alternative scenario
Below 106.55 look for further downside with 106.35 & 106.15 as targets.
Comment
A support base at 106.55 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)