8100424 11/10/2017 5:12 PM, USD/JPY Intraday: the downside prevails.


Pivot: 113.65


Our preference:

short positions below 113.65 with targets at 113.10 & 112.80 in extension.


Alternative scenario:

above 113.65 look for further upside with 114.05 & 114.30 as targets.


Comment:

as long as 113.65 is resistance, look for choppy price action with a bearish bias. The pair is trading in a bearish channel.


Supports and resistances:


114.30 *

114.05 *

113.65 ***


113.41

Last

113.10 **

112.80 *

112.50 *