Contributors Technical Analysis USD/JPY: Further Advance

USD/JPY: Further Advance

Pivot (invalidation): 104.80

Our preference Long positions above 104.80 with targets at 105.40 & 105.60 in extension.

Alternative scenario Below 104.80 look for further downside with 104.60 & 104.40 as targets.

Comment Technically the RSI is above its neutrality area at 50.

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