JPY Trading Outlook (22-12-2015)

USD/JPY

Pivot: 121.75

Our preference: short positions below 121.75 with targets @ 120.85 & 120.55 in extension.

Alternative scenario: above 121.75 look for further upside with 122.15 & 122.6 as targets.

Comment: a break below 120.85 would trigger a drop towards 120.55.

Supports and resistances:
122.6 **
122.15 **
121.75 ***
121.23 Last
120.85 **
120.55 ***
120.3 ***

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