7760948 8/14/2017 6:33 AM, USD/JPY Intraday: key resistance at 109.40.


Pivot: 109.40


Our preference:

short positions below 109.40 with targets at 108.85 & 108.60 in extension.


Alternative scenario:

above 109.40 look for further upside with 109.75 & 110.15 as targets.


Comment:

as long as 109.40 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


110.15

109.75

109.40


109.19

Last

108.85

108.60

108.20