(19 MARCH 2019)USD/JPY:Under pressure.

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 111.60 & 111.75 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)