USD/JPY Under Pressure

Pivot (invalidation): 108.70

Our preference Short positions below 108.70 with targets at 108.50 & 108.40 in extension.

Alternative scenario Above 108.70 look for further upside with 108.80 & 108.90 as targets.

Comment The RSI calls for a new downleg. The pair has repeatedly failed to break above the key resistance at 108.70.

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