(11 DECEMBER 2018)USD/JPY:Turning down.

(11 DECEMBER 2018)USD/JPY:Turning down.

11 December 2018, 08:58
Jiming Huang
0
69

jpy

Pivot (invalidation): 113.20

Our preference

Short positions below 113.20 with targets at 112.85 & 112.60 in extension.

Alternative scenario

Above 113.20 look for further upside with 113.40 & 113.55 as targets.

Comment

The break below 113.20 is a negative signal that has opened a path to 112.85.

(By Swissquote TRADING CENTRAL) 

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