USD/JPY Intraday: The Bias Remains Bullish

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.