(13 AUGUST 2018)USD/JPY:The downside prevails.

(13 AUGUST 2018)USD/JPY:The downside prevails.

13 August 2018, 09:57
Jiming Huang
0
73

jpy

Pivot (invalidation): 110.70

Our preference

Short positions below 110.70 with targets at 110.05 & 109.65 in extension.

Alternative scenario

Above 110.70 look for further upside with 111.00 & 111.20 as targets.

Comment

A break below 110.05 would trigger a drop towards 109.65.

(By Swissquote TRADING CENTRAL)