7756930 8/11/2017 9:26 AM, USD/JPY ST: the downside prevails.


Pivot: 112.50


Our preference:

short positions below 112.50 with targets at 108.00 & 105.50 in extension.


Alternative scenario:

above 112.50 look for further upside with 114.55 & 116.90 as targets.


Comment:

the RSI is bearish and calls for further downside.


Supports and resistances:


116.90 **

114.55 **

112.50 ***


109.03

Last

108.00 ***

105.50 ***

102.55 **