JPY Trading Outlook (29-01-2016)

USD/JPY Intraday: the bias remains bullish.

Pivot: 118.35

Our preference: long positions above 118.35 with targets @ 119.1 & 119.5 in extension.

Alternative scenario: below 118.35 look for further downside with 118 & 117.6 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
119.75 ***
119.5 ***
119.1 ***
118.726 Last
118.35 ***
118 ***
117.6 ***

Ticker : JPY
Back to JPY Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.