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

Pivot (invalidation): 110.75

Our preference

Short positions below 110.75 with targets at 110.40 & 110.25 in extension.

Alternative scenario

Above 110.75 look for further upside with 110.90 & 111.05 as targets.

Comment

The RSI calls for a new downleg.

(By Swissquote TRADING CENTRAL)