Contributors Technical Analysis USD/JPY Bullish Bias Above 112.35

USD/JPY Bullish Bias Above 112.35

Pivot (invalidation): 112.35

Our preference Long positions above 112.35 with targets at 112.75 & 113.00 in extension.

Alternative scenario Below 112.35 look for further downside with 112.15 & 111.95 as targets.

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

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