USD/JPY Intraday: the downside prevails.

Date: 2019/05/09
Time: 11:36 (GMT +2)
Ticker: JPY
Last: 109.7
Pivot: 109.95
1st sup. 109.35
2nd sup. 109.0
3rd sup. 108.75
1st res. 109.95
2nd res. 110.25
3rd res. 110.4
Title:
Summary: Short positions below 109.95 with targets at 109.35 & 109.00 in extension.
Story: Pivot: 109.95

Our preference: short positions below 109.95 with targets at 109.35 & 109.00 in extension.

Alternative scenario: above 109.95 look for further upside with 110.25 & 110.40 as targets.

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

Supports and resistances:
110.40
110.25
109.95
109.70 Last
109.35
109.00
108.75