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 ***