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

USDJPY

Trading Central 2021-01-14 16:38:05

Pivot: 109.85

Our preference: short positions below 109.85 with targets at 101.15 & 99.00 in extension.

Alternative scenario: above 109.85 look for further upside with 114.50 & 118.50 as targets.

Comment: The pair stands below its strong horizontal resistance at 112.00 and is capped by a declining trend line.

Supports and resistances:

118.50

114.50

109.85

104.01 Last

101.15

99.00

95.90

Disclaimer

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