JPY Trading Outlook (05-02-2016)

USD/JPY Intraday: under pressure.

Pivot: 117.35

Our preference: short positions below 117.35 with targets @ 116.2 & 116 in extension.

Alternative scenario: above 117.35 look for further upside with 117.7 & 118.25 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
118.25 *
117.7 **
117.35 ***
116.637 Last
116.2 *
116 **
115.75 **

Ticker : JPY
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