(02 September 2019)USD/JPY Capped by a negative trend line.

 
Pivot
 (invalidation): 106.40
Our preference
Short positions below 106.40 with targets at 105.90 & 105.60 in extension.
Alternative scenario
Above 106.40 look for further upside with 106.70 & 107.00 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
lim