(12 JULY 2019)USD/JPY:Intraday support around 108.20.

Pivot (invalidation): 108.20

Our preference

Long positions above 108.20 with targets at 108.60 & 108.75 in extension.

Alternative scenario

Below 108.20 look for further downside with 108.00 & 107.85 as targets.

Comment

A support base at 108.20 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)