(29 APRIL 2019)USD/JPY:Under pressure.

Pivot (invalidation): 111.70

Our preference

Short positions below 111.70 with targets at 111.45 & 111.35 in extension.

Alternative scenario

Above 111.70 look for further upside with 111.85 & 112.00 as targets.

Comment

As Long as the resistance at 111.70 is not surpassed, the risk of the break below 111.45

remains high. 

(By Swissquote TRADING CENTRAL)