Contributors Technical Analysis USD/JPY: Under Pressure

USD/JPY: Under Pressure

Pivot (invalidation): 104.15

Our preference Short positions below 104.15 with targets at 103.65 & 103.50 in extension.

Alternative scenario Above 104.15 look for further upside with 104.30 & 104.45 as targets.

Comment The RSI is bearish and calls for further decline.

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