(15 OCTOBER 2018)USD/JPY:Rebound expected

Pivot (invalidation): 111.90

Our preference

Long positions above 111.90 with targets at 112.35 & 112.55 in extension.

Alternative scenario

Below 111.90 look for further downside with 111.60 & 111.30 as targets.

Comment

A support base at 111.90 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)