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 ***