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HomeContributorsTechnical AnalysisUSD/JPY Key Resistance At 109.00

USD/JPY Key Resistance At 109.00

Swissquote Bank SA
By Swissquote Bank SA

Pivot (invalidation): 109.00

Our preference Short positions below 109.00 with targets at 108.50 & 108.30 in extension.

Alternative scenario Above 109.00 look for further upside with 109.25 & 109.40 as targets.

Comment As Long as the resistance at 109.00 is not surpassed, the risk of the break below 108.50 remains high.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
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