(12 February 2020)USD/JPY Bullish bias above 109.70.

Pivot
 (invalidation): 109.70
Our preference
Long positions above 109.70 with targets at 109.95 & 110.05 in extension.
Alternative scenario
Below 109.70 look for further downside with 109.60 & 109.50 as targets.
Comment
A support base at 109.70 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)