(17 JULY 2019)USD/JPY:Turning down.

(17 JULY 2019)USD/JPY:Turning down.

17 July 2019, 08:54
Jiming Huang
0
55

jp

Pivot (invalidation): 108.35

Our preference

Short positions below 108.35 with targets at 108.05 & 107.80 in extension.

Alternative scenario

Above 108.35 look for further upside with 108.60 & 108.85 as targets.

Comment

The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL)