Contributors Technical Analysis USD/JPY Key Resistance At 108.70

USD/JPY Key Resistance At 108.70

Pivot (invalidation): 108.70

Our preference Short positions below 108.70 with targets at 108.45 & 108.25 in extension.

Alternative scenario Above 108.70 look for further upside with 108.85 & 109.00 as targets.

Comment The upward potential is likely to be limited by the resistance at 108.70.

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