JPY Trading Outlook (19-01-2016)
USD/JPY Intraday: key resistance at 117.45.
Pivot: 117.45
Our preference: short positions below 117.45 with targets @ 116.85 & 116.5 in extension.
Alternative scenario: above 117.45 look for further upside with 117.95 & 118.35 as targets.
Comment: the upward potential is likely to be limited by the resistance at 117.45.
Supports and resistances:
118.35 ***
117.95 ***
117.45 ***
117.38 Last
116.85 ***
116.5 **
116.15 **