Contributors Technical Analysis USD/JPY Bullish Bias Above 109.20

USD/JPY Bullish Bias Above 109.20

Pivot (invalidation): 109.20

Our preference Long positions above 109.20 with targets at 109.50 & 109.70 in extension.

Alternative scenario Below 109.20 look for further downside with 109.00 & 108.80 as targets.

Comment A support base at 109.20 has formed and has allowed for a temporary stabilisation.

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