(20 JULY 2018)USD/JPY:Key resistance at 112.60.

Pivot (invalidation): 112.60

Our preference

Short positions below 112.60 with targets at 112.20 & 112.05 in extension.

Alternative scenario

Above 112.60 look for further upside with 112.85 & 113.10 as targets.

Comment

The upward potential is likely to be limited by the resistance at 112.60.

(By Swissquote TRADING CENTRAL)