(22 AUGUST 2018)USD/JPY :Under pressure.

(22 AUGUST 2018)USD/JPY :Under pressure.

22 August 2018, 09:12
Jiming Huang
0
53

jpy

Pivot (invalidation): 110.55

Our preference

Short positions below 110.55 with targets at 110.00 & 109.75 in extension.

Alternative scenario

Above 110.55 look for further upside with 110.90 & 111.10 as targets.

Comment

As Long as 110.55 is resistance, expect a return to 110.00.

(By Swissquote TRADING CENTRAL) 

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