(13 MARCH 2019)USD/JPY:Key resistance at 111.45.

(13 MARCH 2019)USD/JPY:Key resistance at 111.45.

13 March 2019, 08:59
Jiming Huang
0
15

jpy

Pivot (invalidation): 111.45

Our preference

Short positions below 111.45 with targets at 111.00 & 110.85 in extension.

Alternative scenario

Above 111.45 look for further upside with 111.65 & 111.80 as targets.

Comment

As Long as the resistance at 111.45 is not surpassed, the risk of the break below 111.00

remains high. 

(By Swissquote TRADING CENTRAL)

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