USDJPY Mid-day Analysis 07 Aug 2018

Downside Prevails

Our Pivot: 111.52

Our Preference: Short sell below 111.37 with strict stop loss of 111.52 and target at 111.08 and 110.92.

Alternate Scenario: Upward penetration of 111.52 will call for 111.73.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: