(28 JUNE 2018)USD/JPY:Rebound expected.

Rebound expected. 

(By Swissquote TRADING CENTRAL)

Pivot (invalidation): 110.00

Our preference

Long positions above 110.00 with targets at 110.30 & 110.50 in extension.

Alternative scenario

Below 110.00 look for further downside with 109.65 & 109.35 as targets.

Comment

A support base at 110.00 has formed and has allowed for a temporary stabilisation.