7981430 10/12/2017 10:39 AM, USD/JPY Intraday: caution.


Pivot: 112.30


Our preference:

long positions above 112.30 with targets at 112.60 & 112.80 in extension.


Alternative scenario:

below 112.30 look for further downside with 112.10 & 111.95 as targets.


Comment:

a support base at 112.30 has formed and has allowed for a temporary stabilisation.


Supports and resistances:


113.05

112.80

112.60


112.37

Last

112.30

112.10

111.95