(03 JANUARY 2019)USD/JPY:The downside prevails.

Pivot (invalidation): 108.15

Our preference

Short positions below 108.15 with targets at 106.55 & 105.80 in extension.

Alternative scenario

Above 108.15 look for further upside with 108.70 & 109.50 as targets.

Comment

The RSI has broken down its 30 level

(By Swissquote TRADING CENTRAL)