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USD/JPY: Consolidation

Swissquote Bank SA
By Swissquote Bank SA

Pivot (invalidation): 105.60

Our preference Short positions below 105.60 with targets at 105.00 & 104.80 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 105.00 remains high.

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