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

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)