(01 October 2020)USD/JPY Under pressure.

(01 October 2020)USD/JPY Under pressure.

1 October 2020, 09:21
Jiming Huang
0
98

jp
Pivot
 (invalidation): 105.60
Our preference
Short positions below 105.60 with targets at 105.35 & 105.20 in extension.
Alternative scenario
Above 105.60 look for further upside with 105.80 & 106.00 as targets.
Comment
As Long as the resistance at 105.60 is not surpassed, the risk of the break below 105.35
remains high.

(By Swissquote TRADING CENTRAL)