(10 OCTOBER 2018)USD/JPY:Under pressure.

(10 OCTOBER 2018)USD/JPY:Under pressure.

10 October 2018, 09:26
Jiming Huang
0
53

jpy

Pivot (invalidation): 113.20

Our preference

Short positions below 113.20 with targets at 112.80 & 112.55 in extension.

Alternative scenario

Above 113.20 look for further upside with 113.40 & 113.55 as targets.

Comment

As Long as the resistance at 113.20 is not surpassed, the risk of the break below 112.80

remains high. 

(By Swissquote TRADING CENTRAL)

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