(16 JANUARY 2019)USD/JPY:Under pressure.

Pivot (invalidation): 108.75

Our preference

Short positions below 108.75 with targets at 108.30 & 108.10 in extension.

Alternative scenario

Above 108.75 look for further upside with 109.00 & 109.45 as targets.

Comment

As Long as the resistance at 108.75 is not surpassed, the risk of the break below 108.30

remains high. 

(By Swissquote TRADING CENTRAL)