(16 OCTOBER 2018)USD/JPY:Turning up.

Pivot (invalidation): 111.70

Our preference

Long positions above 111.70 with targets at 112.25 & 112.50 in extension.

Alternative scenario

Below 111.70 look for further downside with 111.50 & 111.30 as targets.

Comment

The RSI calls for a new upleg

(By Swissquote TRADING CENTRAL)