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Evening analysis USD/JPY for Mondayto Nov. 18, 2019



USD/JPY Intraday: key resistance at 108.70.

Pivot: 108.70

Our preference: short positions below 108.70 with targets at 108.45 & 108.35 in extension.

Alternative scenario: above 108.70 look for further upside with 108.85 & 108.95 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

108.95
108.85
108.70
108.58 Last
108.45
108.35
108.25
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