in ANALISA by hafid zaini

7640368 7/12/2017 3:42 PM, USD/JPY ST: key resistance at 114.35.


Pivot: 114.35


Our preference:

short positions below 114.35 with targets at 111.00 & 109.20 in extension.


Alternative scenario:

above 114.35 look for further upside with 115.50 & 118.50 as targets.


Comment:

as long as 114.35 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


118.50 **

115.50 **

114.35 ***


113.45

Last

111.00 *

109.20 **

108.00 **