7853608 9/7/2017 4:03 PM, USD/JPY Intraday: intraday support around 108.80.


Pivot: 108.80


Our preference:

long positions above 108.80 with targets at 109.40 & 109.80 in extension.


Alternative scenario:

below 108.80 look for further downside with 108.50 & 108.30 as targets.


Comment:

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


Supports and resistances:


110.25

109.80

109.40


109.15

Last

108.80

108.50

108.30