JPY Trading Outlook (31-12-2015)
USD/JPY Intraday: key resistance at 120.75
Pivot: 120.75
Our preference: short positions below 120.75 with targets @ 120.2 & 120 in extension.
Alternative scenario: above 120.75 look for further upside with 121 & 121.3 as targets.
Comment: as long as the resistance at 120.75 is not surpassed, the risk of the break below 120.2 remains high.
Supports and resistances:
121.3 **
121 **
120.75 ***
120.53 Last
120.2 **
120 ***
119.8 **