USDJPY Mid-day Analysis 19 August 2016

Under Pressure

Our Pivot: 100.60

Our Preference: Short sell below 100.33 with strict stop loss of 100.60 and target at 99.86 and 99.63

Alternate Scenario: Upward penetration of 100.60 will call for 100.92.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: