(16 MAY 2019)USD/JPY:Key resistance at 109.70.

Pivot (invalidation): 109.70

Our preference

Short positions below 109.70 with targets at 109.15 & 109.00 in extension.

Alternative scenario

Above 109.70 look for further upside with 109.90 & 110.05 as targets.

Comment

As Long as 109.70 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)