(16 October 2019)USD/JPY Under pressure.

 

Pivot
 (invalidation): 108.90
Our preference
Short positions below 108.90 with targets at 108.50 & 108.30 in extension.
Alternative scenario
Above 108.90 look for further upside with 109.10 & 109.30 as targets.
Comment
The RSI lacks upward momentum. The pair is encountering strong resistance at 108.90.