JPY Trading Outlook (15-01-2016)
USD/JPY Intraday: consolidation.
Pivot: 118.35
Our preference: short positions below 118.35 with targets @ 117.45 & 117.2 in extension.
Alternative scenario: above 118.35 look for further upside with 118.6 & 118.85 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
118.85 ***
118.6 ***
118.35 ***
118.218 Last
117.45 ***
117.2 ***
116.95 **