(23 JULY 2018)USD/JPY:Under pressure.

Pivot (invalidation): 111.60

Our preference

Short positions below 111.60 with targets at 110.60 & 110.20 in extension.

Alternative scenario

Above 111.60 look for further upside with 112.15 & 112.50 as targets.

Comment

The RSI has broken down its 30 level. 

(By Swissquote TRADING CENTRAL)