(09 AUGUST 2018)USD/JPY:110.70 in sight.

(09 AUGUST 2018)USD/JPY:110.70 in sight.

9 August 2018, 09:32
Jiming Huang
0
51

jpy

Pivot (invalidation): 111.00

Our preference

Short positions below 111.00 with targets at 110.70 & 110.45 in extension.

Alternative scenario

Above 111.00 look for further upside with 111.20 & 111.45 as targets.

Comment

A break below 110.70 would trigger a drop towards 110.45.

(By Swissquote TRADING CENTRAL) 

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