USD/JPY Towards 108.00

Pivot (invalidation): 108.50

Our preference Short positions below 108.50 with targets at 108.15 & 108.00 in extension.

Alternative scenario Above 108.50 look for further upside with 108.60 & 108.70 as targets.

Comment The RSI is bearish and calls for further downside. The pair keeps tracing the lower Bollinger band calling for acceleration to the downside.

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