JPY Trading Outlook (04-01-2016)
USD/JPY Intraday: key resistance at 120.45
Pivot: 120.45
Our preference: short positions below 120.45 with targets @ 119.95 & 119.8 in extension.
Alternative scenario: above 120.45 look for further upside with 120.65 & 121 as targets.
Comment: the upward potential is likely to be limited by the resistance at 120.45.
Supports and resistances:
121 **
120.65 **
120.45 ***
120.29 Last
119.95 **
119.8 ***
119.6 **
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