JPY Trading Outlook (28-01-2016)

USD/JPY Intraday: bullish bias above 118.15.

Pivot: 118.15

Our preference: long positions above 118.15 with targets @ 119.1 & 119.5 in extension.

Alternative scenario: below 118.15 look for further downside with 117.6 & 117.2 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
119.75 ***
119.5 ***
119.1 ***
118.61 Last
118.15 ***
117.6 **
117.2 ***

 

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