(09 JULY 2020)USD/JPY Key resistance at 107.40

(09 JULY 2020)USD/JPY Key resistance at 107.40

9 July 2020, 08:48
Jiming Huang
0
102

jp
Pivot
 (invalidation): 107.40
Our preference
Short positions below 107.40 with targets at 107.15 & 107.00 in extension.
Alternative scenario
Above 107.40 look for further upside with 107.60 & 107.70 as targets.
Comment
As Long as the resistance at 107.40 is not surpassed, the risk of the break below 107.15
remains high.

(By Swissquote TRADING CENTRAL)