JPY Trading Outlook (27-01-2016)
USD/JPY Intraday: the upside prevails.
Pivot: 117.5
Our preference: long positions above 117.5 with targets @ 118.85 & 119.2 in extension.
Alternative scenario: below 117.5 look for further downside with 117.05 & 116.45 as targets.
Comment: the RSI is well directed.
Supports and resistances:
119.7 ***
119.2 ***
118.85 ***
118.473 Last
117.5 ***
117.05 **
116.45 ***
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