(28 January 2020)USD/JPY Key resistance at 109.12.

Pivot
 (invalidation): 109.12
Our preference
Short positions below 109.12 with targets at 108.80 & 108.70 in extension.
Alternative scenario
Above 109.12 look for further upside with 109.30 & 109.44 as targets.
Comment
The upward potential is likely to be limited by the resistance at 109.12.

(By Swissquote TRADING CENTRAL)