(02 APRIL 2019)USD/JPY:Bullish bias above 111.15.

Pivot (invalidation): 111.15

Our preference

Long positions above 111.15 with targets at 111.55 & 111.75 in extension.

Alternative scenario

Below 111.15 look for further downside with 110.85 & 110.60 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)