7866841 9/12/2017 10:32 AM, USD/JPY Intraday: target 109.55.


Pivot: 108.80


Our preference:

long positions above 108.80 with targets at 109.55 & 109.95 in extension.


Alternative scenario:

below 108.80 look for further downside with 108.30 & 107.80 as targets.


Comment:

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


Supports and resistances:


110.40

109.95

109.55


109.35

Last

108.80

108.30

107.80