(25 OCTOBER 2018)USD/JPY:Technical rebound in a bearish trend.

Pivot (invalidation): 112.30

Our preference

Short positions below 112.30 with targets at 111.80 & 111.60 in extension.

Alternative scenario

Above 112.30 look for further upside with 112.50 & 112.75 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)