JPY Trading Outlook (11-01-2016)

USD/JPY Intraday: the upside prevails.

Pivot: 117.35

Our preference: long positions above 117.35 with targets @ 118.8 & 119.3 in extension.

Alternative scenario: below 117.35 look for further downside with 116.75 & 116.1 as targets.

Comment: the RSI has just landed on a support around 30% and is reversing up.

Supports and resistances:
119.65 ***
119.3 ***
118.8 ***
117.758 Last
117.35 ***
116.75 ***
116.1 ***

Back to JPY Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.