7748181 8/9/2017 6:40 PM, USD/JPY ST: the downside prevails.


Pivot: 114.35


Our preference:

short positions below 114.35 with targets at 109.20 & 108.00 in extension.


Alternative scenario:

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


Comment:

even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


Supports and resistances:


118.50 **

115.50 **

114.35 ***


112.00

Last

109.20 ***

108.00 ***

105.50 **