(11 MARCH 2019)USD/JPY:Key resistance at 111.25.

(11 MARCH 2019)USD/JPY:Key resistance at 111.25.

11 March 2019, 09:07
Jiming Huang
0
14

jpy

Pivot (invalidation): 111.25

Our preference

Short positions below 111.25 with targets at 110.85 & 110.60 in extension.

Alternative scenario

Above 111.25 look for further upside with 111.45 & 111.65 as targets.

Comment

The upward potential is likely to be limited by the resistance at 111.25.

(By Swissquote TRADING CENTRAL)

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