(09 OCTOBER 2018)USD/JPY:Key resistance at 113.30.

(09 OCTOBER 2018)USD/JPY:Key resistance at 113.30.

9 October 2018, 09:22
Jiming Huang
0
64

jpy

Pivot (invalidation): 113.30

Our preference
Short positions below 113.30 with targets at 112.80 & 112.50 in extension.
Alternative scenario
Above 113.30 look for further upside with 113.55 & 113.80 as targets.
Comment

The upward potential is likely to be limited by the resistance at 113.30.

(By Swissquote TRADING CENTRAL) 


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