8084293 11/7/2017 11:18 PM, USD/JPY ST: bullish bias above 111.70.


Pivot: 111.70


Our preference:

long positions above 111.70 with targets at 116.00 & 118.65 in extension.


Alternative scenario:

below 111.70 look for further downside with 109.50 & 107.30 as targets.


Comment:

the RSI is bullish and calls for further upside. The pair has broken above a declining trend line.


Supports and resistances:


120.00 **

118.65 **

116.00 *


114.11

Last

111.70 ***

109.50 *

107.30 **