(25 JANUARY 2019)USD/JPY:Key resistance at 109.80.

Pivot (invalidation): 109.80

Our preference

Short positions below 109.80 with targets at 109.50 & 109.40 in extension.

Alternative scenario

Above 109.80 look for further upside with 110.00 & 110.25 as targets.

Comment

The upward potential is likely to be limited by the resistance at 109.80.

(By Swissquote TRADING CENTRAL)