(14 NOVEMBER 2018)USD/JPY:Key resistance at 114.05.

Pivot (invalidation): 114.05

Our preference

Short positions below 114.05 with targets at 113.70 & 113.55 in extension.

Alternative scenario

Above 114.05 look for further upside with 114.20 & 114.40 as targets.

Comment

The upward potential is likely to be limited by the resistance at 114.05.

(By Swissquote TRADING CENTRAL)