8079751 11/6/2017 11:05 PM, USD/JPY Intraday: intraday support around 114.00.


Pivot: 114.00


Our preference:

long positions above 114.00 with targets at 114.40 & 114.70 in extension.


Alternative scenario:

below 114.00 look for further downside with 113.60 & 113.30 as targets.


Comment:

a support base at 114.00 has formed and has allowed for a temporary stabilisation. The pair is trading in a bullish channel.


Supports and resistances:


115.00

114.70

114.40


114.12

Last

114.00

113.60

113.30