Information Hub forSerious Traders
Wed Jun 03 2020
Analyst perspective June 3rd

USD/JPY may fall to 30 - 60


 

Pivot: 108.80

Our preference: Short positions below 108.80 with targets at 108.15 and 107.85 in extension.

Alternative scenario: Above 108.80 look for further upside with 109.00 and 109.30 as targets.

Comment: The RSI is going downside

Supports and resistances

109.30

109.00

108.80

108.45 (last)

108.15

107.85

107.50

Number of asterisks represents the strength of support and resistance levels.