(06 DECEMBER 2018) USD/JPY:Towards 112.30.

(06 DECEMBER 2018) USD/JPY:Towards 112.30.

6 December 2018, 09:07
Jiming Huang
0
67

jpy

Pivot (invalidation): 113.05

Our preference

Short positions below 113.05 with targets at 112.60 & 112.30 in extension.

Alternative scenario

Above 113.05 look for further upside with 113.25 & 113.50 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)