(17 JULY 2018)USD/JPY:The bias remains bullish.

Pivot (invalidation): 112.20

Our preference

Long positions above 112.20 with targets at 112.80 & 113.00 in extension.

Alternative scenario

Below 112.20 look for further downside with 111.90 & 111.60 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)