(08 MARCH 2019)USD/JPY:111.00 expected.

Pivot (invalidation): 111.65

Our preference

Short positions below 111.65 with targets at 111.30 & 111.00 in extension.

Alternative scenario

Above 111.65 look for further upside with 111.85 & 112.00 as targets.

Comment

A break below 111.30 would trigger a drop towards 111.00.

(By Swissquote TRADING CENTRAL)