(31 JANUARY 2019)USD/JPY:The downside prevails.

(31 JANUARY 2019)USD/JPY:The downside prevails.

31 January 2019, 08:54
Jiming Huang
0
46

jpy

Pivot (invalidation): 109.10

Our preference

Short positions below 109.10 with targets at 108.75 & 108.50 in extension.

Alternative scenario

Above 109.10 look for further upside with 109.40 & 109.75 as targets.

Comment

A break below 108.75 would trigger a drop towards 108.50.

(By Swissquote TRADING CENTRAL)


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