USDJPY Mid-day Analysis 12 July 2018

Upside Prevails

Our Pivot:111.89

Our Preference: Buy above 112.25 with strict stop loss of 111.89 and target at 113.00 and 113.40.

Alternate Scenario: Downward penetration of 111.89 will call for 111.35.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: