JPY Trading Outlook (06-01-2016)

USD/JPY Intraday: the downside prevails

Pivot: 119.7

Our preference: short positions below 119.7 with targets @ 118.7 & 118.4 in extension.

Alternative scenario: above 119.7 look for further upside with 119.95 & 120.45 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
120.45 **
119.95 ***
119.7 ***
118.981 Last
118.7 ***
118.4 **
118.1 ***

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