(22 NOVEMBER 2018)USD/JPY:The bias remains bullish.

Pivot (invalidation): 112.85

Our preference

Long positions above 112.85 with targets at 113.20 & 113.40 in extension.

Alternative scenario

Below 112.85 look for further downside with 112.65 & 112.30 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)