(30 JANUARY 2019)USD/JPY:Bullish bias above 109.25.

Pivot (invalidation): 109.25

Our preference

Long positions above 109.25 with targets at 109.55 & 109.70 in extension.

Alternative scenario

Below 109.25 look for further downside with 109.10 & 108.90 as targets.

Comment

A support base at 109.25 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)