USD/JPY ST: capped by a negative trend line.

USDJPY

Trading Central 2021-01-13 16:52:06

Pivot: 104.70

Our preference: short positions below 104.70 with targets at 102.40 & 101.15 in extension.

Alternative scenario: above 104.70 look for further upside with 105.65 & 106.50 as targets.

Comment: the upward potential is likely to be limited by the resistance at 104.70.

Supports and resistances:

106.50 **

105.65 **

104.70 ***

103.70 Last

102.40 ***

101.15 **

100.00 **

Disclaimer

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