(02 OCTOBER 2018)USD/JPY:Bullish bias above 113.80.

Pivot (invalidation): 113.80

Our preference

Long positions above 113.80 with targets at 114.10 & 114.40 in extension.

Alternative scenario

Below 113.80 look for further downside with 113.60 & 113.30 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)