USD/JPY – Currency exchange rate forecast 21.08.2019: the upside prevails.

USD/JPY - Currency exchange rate forecast 21.08.2019: the upside prevails.

Long positions above 106.25 with targets at 106.60 & 106.70 in extension.

Pivot: 106.25

Our preference: long positions above 106.25 with targets at 106.60 & 106.70 in extension.

Alternative scenario: below 106.25 look for further downside with 106.10 & 105.90 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

106.95

106.70

106.60

106.42 Last

106.25

106.10

105.90

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