(06 AUGUST 2018)USD/JPY:Key resistance at 111.50.

(06 AUGUST 2018)USD/JPY:Key resistance at 111.50.

6 August 2018, 09:48
Jiming Huang
0
62

jpy

Pivot (invalidation): 111.50

Our preference

Short positions below 111.50 with targets at 111.10 & 110.85 in extension.

Alternative scenario

Above 111.50 look for further upside with 111.75 & 112.00 as targets.

Comment

As Long as the resistance at 111.50 is not surpassed, the risk of the break below 111.10

remains high. 

(By Swissquote TRADING CENTRAL) 

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