(02 AUGUST 2018)USD/JPY:Key resistance at 111.75.

(02 AUGUST 2018)USD/JPY:Key resistance at 111.75.

2 August 2018, 14:08
Jiming Huang
0
54

jpy

Pivot (invalidation): 111.75

Our preference

Short positions below 111.75 with targets at 111.35 & 111.15 in extension.

Alternative scenario

Above 111.75 look for further upside with 112.00 & 112.15 as targets.

Comment

The index currently faces a challenging resistance area at 111.75.

(By Swissquote TRADING CENTRAL) 

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