(22 October 2019)USD/JPY The bias remains bullish.

Pivot
 (invalidation): 108.50
Our preference
Long positions above 108.50 with targets at 108.75 & 108.85 in extension.
Alternative scenario
Below 108.50 look for further downside with 108.40 & 108.30 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)