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

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.