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USD/JPY Intraday: turning down
Pivot (invalidation): 1.0780 Our preference Long positions above 1.0780 with targets at 1.0835 & 1.0865 in extension. Alternative scenario Below 1.0780 look for further downside with 1.0765 & 1.0740 as targets. Comment The RSI has just landed on its neutrality area at 50% and is turning up. Pivot (invalidation): 1.2215 Our preference Long positions above 1.2215 with targets at 1.2290 & 1.2320 in extension. Alternative scenario Below 1.2215 look for further downside with 1.2190 & 1.2160 as targets. Comment The break above 1.2215 is a positive signal that has opened a path to 1.2290. Pivot (invalidation): ... (full story)