(05 FEBRUARY 2019)USD/JPY:The bias remains bullish.

Pivot (invalidation): 109.80

Our preference

Long positions above 109.80 with targets at 110.15 & 110.45 in extension.

Alternative scenario

Below 109.80 look for further downside with 109.60 & 109.40 as targets.

Comment

A support base at 109.80 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)