|USD/JPY Intraday: the bias remains bullish.|
| Pivot: 108.00|
Our preference: long positions above 108.00 with targets at 108.50 & 108.80 in extension.
Alternative scenario: below 108.00 look for further downside with 107.75 & 107.50 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.