USD/JPY ST: the bias remains bullish.

USDJPY

Trading Central 2021-02-22 07:29:07

Pivot: 104.40

Our preference: long positions above 104.40 with targets at 106.25 & 107.00 in extension.

Alternative scenario: below 104.40 look for further downside with 103.30 & 102.55 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:

108.10 *

107.00 ***

106.25 ***

105.53 Last

104.40 ***

103.30 **

102.55 *

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