Contributors Technical Analysis USD/JPY Under Pressure

USD/JPY Under Pressure

Pivot (invalidation): 110.40

Our preference Short positions below 110.40 with targets at 110.05 & 109.85 in extension.

Alternative scenario Above 110.40 look for further upside with 110.65 & 110.80 as targets.

Comment As Long as 110.40 is resistance, look for choppy price action with a bearish bias.

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