(26 APRIL 2019)USD/JPY:Bullish bias above 111.45.

Pivot (invalidation): 111.45

Our preference

Long positions above 111.45 with targets at 111.90 & 112.05 in extension.

Alternative scenario

Below 111.45 look for further downside with 111.25 & 111.05 as targets.

Comment

A support base at 111.45 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)