(07 AUGUST 2018)USD/JPY:Target 111.20.

Pivot (invalidation): 111.50

Our preference

Short positions below 111.50 with targets at 111.20 & 111.05 in extension.

Alternative scenario

Above 111.50 look for further upside with 111.65 & 111.85 as targets.

Comment

A break below 111.20 would trigger a drop towards 111.05

(By Swissquote TRADING CENTRAL)