(07 MARCH 2019)USD/JPY:Key resistance at 111.80.

(07 MARCH 2019)USD/JPY:Key resistance at 111.80.

7 March 2019, 08:49
Jiming Huang
0
15

jpy

Pivot (invalidation): 111.80

Our preference

Short positions below 111.80 with targets at 111.55 & 111.45 in extension.

Alternative scenario

Above 111.80 look for further upside with 111.90 & 112.00 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)

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