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

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

27 August 2018, 09:35
Jiming Huang
0
59

jpy

Pivot (invalidation): 111.35

Our preference

Short positions below 111.35 with targets at 110.70 & 110.35 in extension.

Alternative scenario

Above 111.35 look for further upside with 111.75 & 112.00 as targets.

Comment

The RSI has broken down its 30 level. 

(By Swissquote TRADING CENTRAL)