USD/JPY
Under pressure.
Pivot
(invalidation): 108.70
Our preference
Short positions below 108.70 with
targets at 108.50 & 108.40 in extension.
Alternative scenario
Above 108.70 look for further upside with 108.80 & 108.90 as targets.
Comment
The RSI
calls for a new downleg. The pair has repeatedly failed to break above the key
resistance at 108.70.
(By Swissquote TRADING CENTRAL)
