(09 NOVEMBER 2018)USD/JPY:Bullish bias above 113.75.

Pivot (invalidation): 113.75

Our preference

Long positions above 113.75 with targets at 114.10 & 114.40 in extension.

Alternative scenario

Below 113.75 look for further downside with 113.50 & 113.20 as targets.

Comment

A support base at 113.75 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)