(19 JUNE 2018)USD/JPY:The downside prevails.

(19 JUNE 2018)USD/JPY:The downside prevails.

19 June 2018, 14:00
Jiming Huang
0
12

jpy

The downside prevails. 

(By Swissquote TRADING CENTRAL)

Pivot (invalidation): 110.20

Our preference

Short positions below 110.20 with targets at 109.70 & 109.50 in extension.

Alternative scenario

Above 110.20 look for further upside with 110.40 & 110.60 as targets.

Comment

The RSI has broken down its 30 level.

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