JPY Trading Outlook (11-02-2016)
USD/JPY Intraday: the downside prevails.
Pivot: 115.25
Our preference: short positions below 115.25 with targets @ 113.00 & 112.00 in extension.
Alternative scenario: above 115.25 look for further upside with 115.85 & 116.50 as targets.
Comment: a break below 113.00 would trigger a drop towards 112.00.
Supports and resistances:
116.50 **
115.85 **
115.25 **
113.44 Last
113.00 ***
112.00 *
111.00 *