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

Pivot (invalidation): 111.10

Our preference

Long positions above 111.10 with targets at 111.50 & 111.75 in extension.

Alternative scenario

Below 111.10 look for further downside with 110.70 & 110.35 as targets.

Comment

The RSI calls for a bounce.

(By Swissquote TRADING CENTRAL)