(21 AUGUST 2018)USD/JPY:The downside prevails.

Pivot (invalidation): 110.30

Our preference

Short positions below 110.30 with targets at 109.50 & 109.30 in extension.

Alternative scenario

Above 110.30 look for further upside with 110.50 & 110.70 as targets.

Comment

As Long as 110.30 is resistance, likely decline to 109.50.

(By Swissquote TRADING CENTRAL)