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

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 **

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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