(16 APRIL 2019)USD/JPY:Limited upside.

Pivot (invalidation): 111.85

Our preference

Long positions above 111.85 with targets at 112.10 & 112.25 in extension.

Alternative scenario

Below 111.85 look for further downside with 111.65 & 111.50 as targets.

Comment

A support base at 111.85 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)