(11 APRIL 2019)USD/JPY:Capped by a negative trend line.

Pivot (invalidation): 111.20

Our preference

Short positions below 111.20 with targets at 110.95 & 110.80 in extension.

Alternative scenario

Above 111.20 look for further upside with 111.35 & 111.50 as targets.

Comment

A break below 110.95 would trigger a drop towards 110.80.

(By Swissquote TRADING CENTRAL)