(23 January 2020)USD/JPY Watch 109.40.

Pivot
 (invalidation): 109.80
Our preference
Short positions below 109.80 with targets at 109.50 & 109.40 in extension.
Alternative scenario
Above 109.80 look for further upside with 109.95 & 110.10 as targets.
Comment
The RSI has broken down its 30 level.

(By Swissquote TRADING CENTRAL)