JPY Trading Outlook (05-01-2016)
USD/JPY Intraday: caution.
Pivot: 119.6
Our preference: short positions below 119.6 with targets @ 118.6 & 118 in extension.
Alternative scenario: above 119.6 look for further upside with 119.95 & 120.45 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
120.45 **
119.95 ***
119.6 **
119.398 Last
118.6 ***
118 ***
117.35 **
Back to JPY Trading Outlook Archive