Contributors Technical Analysis USD/JPY Bullish Bias Above 109.70

USD/JPY Bullish Bias Above 109.70

Pivot (invalidation): 109.70

Our preference Long positions above 109.70 with targets at 109.90 & 110.00 in extension.

Alternative scenario Below 109.70 look for further downside with 109.60 & 109.50 as targets.

Comment A support base at 109.70 has formed and has allowed for a temporary stabilisation.

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