(24 MAY 2019)USD/JPY:Under pressure.

Pivot (invalidation): 109.80

Our preference

Short positions below 109.80 with targets at 109.40 & 109.15 in extension.

Alternative scenario

Above 109.80 look for further upside with 110.00 & 110.20 as targets.

Comment

As Long as the resistance at 109.80 is not surpassed, the risk of the break below 109.40

remains high. 

(By Swissquote TRADING CENTRAL)