//(23 OCTOBER 2018)USD/JPY:Turning down.

(23 OCTOBER 2018)USD/JPY:Turning down.

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jpy

Pivot (invalidation): 112.85

Our preference

Short positions below 112.85 with targets at 112.35 & 112.20 in extension.

Alternative scenario

Above 112.85 look for further upside with 113.10 & 113.30 as targets.

Comment

The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL)