7955704 10/5/2017 10:52 AM, USD/JPY Intraday: the upside prevails.


Pivot: 112.55


Our preference:

long positions above 112.55 with targets at 112.95 & 113.20 in extension.


Alternative scenario:

below 112.55 look for further downside with 112.30 & 112.05 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


113.50

113.20

112.95


112.74

Last

112.55

112.30

112.05