JPY Trading Outlook (26-01-2016)
USD/JPY Intraday: the downside prevails
Pivot: 118.85
Our preference: short positions below 118.85 with targets @ 117.95 & 117.5 in extension.
Alternative scenario: above 118.85 look for further upside with 119.2 & 119.6 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
119.6 ***
119.2 ***
118.85 ***
118.33 Last
117.95 ***
117.5 ***
117.05 **
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