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

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

28 January 2019, 08:50
Jiming Huang
0
52

jpy

Pivot (invalidation): 109.70

Our preference

Short positions below 109.70 with targets at 109.10 & 108.85 in extension.

Alternative scenario

Above 109.70 look for further upside with 109.95 & 110.25 as targets.

Comment

The break below 109.70 is a negative signal that has opened a path to 109.10

(By Swissquote TRADING CENTRAL)

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