USD/JPY Capped By A Negative Trend Line

Technical analysis of Forex market

Pivot (invalidation): 107.85

Our preference Short positions below 107.85 with targets at 107.45 & 107.25 in extension.

Alternative scenario Above 107.85 look for further upside with 108.05 & 108.25 as targets.

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Comment The RSI calls for a new downleg.

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