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analysing USD/JPY for Wednesdayto Dec. 11, 2019



USD/JPY Intraday: bullish bias above 108.65.
Pivot: 108.65

Our preference: long positions above 108.65 with targets at 108.85 & 109.00 in extension.

Alternative scenario: below 108.65 look for further downside with 108.50 & 108.40 as targets.

Comment: a support base at 108.65 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

109.20
109.00
108.85
108.75 Last
108.65
108.50
108.40
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