(04 APRIL 2019)USD/JPY:Range.

Pivot (invalidation): 111.25

Our preference

Long positions above 111.25 with targets at 111.60 & 111.75 in extension.

Alternative scenario

Below 111.25 look for further downside with 111.00 & 110.85 as targets.

Comment

A support base at 111.25 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)