(14 JANUARY 2019)USD/JPY:Turning down.

(14 JANUARY 2019)USD/JPY:Turning down.

14 January 2019, 09:10
Jiming Huang
0
47

jpy

Pivot (invalidation): 108.35

Our preference

Short positions below 108.35 with targets at 108.00 & 107.75 in extension.

Alternative scenario

Above 108.35 look for further upside with 108.60 & 108.80 as targets.

Comment

The break below 108.35 is a negative signal that has opened a path to 108.00.

(By Swissquote TRADING CENTRAL)

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