(08 AUGUST 2018)USD/JPY:The bias remains bullish.

Pivot (invalidation): 111.25

Our preference

Long positions above 111.25 with targets at 111.50 & 111.65 in extension.

Alternative scenario

Below 111.25 look for further downside with 111.10 & 110.95 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)