Technical Analysis : USD/JPY 1 July 2021

1 July 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsUSD/JPY

Forex Technical Analysis : USDJPY 1 July 2021

Forex Technical Analysis : USDJPY

Date : 1 July 2021

Pivot point : 110.85

Our preference : long positions above 110.85 with targets at 111.35 & 111.50 in extension.

Alternative scenario : below 110.85 look for further downside with 110.70 & 110.55 as targets.

Comment : the break above 110.85 is a positive signal that has opened a path to 111.35.

Supports and resistances :

111.70 **
111.50 *
111.35
111.13 – Last price
110.85
110.70 *
110.55 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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