JPY Trading Outlook (14-01-2016)

USD/JPY Intraday: caution

Pivot: 117.6

Our preference: long positions above 117.6 with targets @ 118.45 & 118.8 in extension.

Alternative scenario: below 117.6 look for further downside with 117.2 & 116.7 as targets.

Comment: the RSI is mixed.

Supports and resistances:
119.15 ***
118.8 ***
118.45 ***
117.804 Last
117.6 ***
117.2 ***
116.7 ***

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