(30 NOVEMBER 2018)GUSD/JPY:The bias remains bullish.

Pivot (invalidation): 113.20

Our preference

Long positions above 113.20 with targets at 113.55 & 113.70 in extension.

Alternative scenario

Below 113.20 look for further downside with 113.00 & 112.80 as targets.

Comment

A support base at 113.20 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)