JPY Trading Outlook (13-01-2016)
USD/JPY Intraday: under pressure.
Pivot: 117.95
Our preference: short positions below 117.95 with targets @ 117.15 & 116.7 in extension.
Alternative scenario: above 117.95 look for further upside with 118.8 & 119.3 as targets.
Comment: the RSI is capped by a declining trend line.
Supports and resistances:
119.3 ***
118.8 ***
117.95 ***
117.74 Last
117.15 ***
116.7 ***
116.1 ***