(18 FEBRUARY 2019)USD/JPY:The downside prevails.

(18 FEBRUARY 2019)USD/JPY:The downside prevails.

18 February 2019, 08:54
Jiming Huang
0
13

jpy

Pivot (invalidation): 110.60

Our preference

Short positions below 110.60 with targets at 110.10 & 109.90 in extension.

Alternative scenario

Above 110.60 look for further upside with 110.80 & 110.95 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)

Share it with friends: