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

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:




104.01 Last




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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