(11 JANUARY 2019)USD/JPY:The bias remains bullish.

Pivot (invalidation): 108.00

Our preference

Long positions above 108.00 with targets at 108.50 & 108.80 in extension.

Alternative scenario

Below 108.00 look for further downside with 107.75 & 107.50 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)