JPY Trading Outlook (12-02-2016)

USD/JPY Intraday: the downside prevails.
Pivot: 113.10

Our preference: short positions below 113.10 with targets @ 111.00 & 110.25 in extension.

Alternative scenario: above 113.10 look for further upside with 114.20 & 115.25 as targets.

Comment: the RSI is above its neutrality area at 50% but reversing down.

Supports and resistances:
115.25 **
114.20 ***
113.10 ***
111.90 Last
111.00 **
110.25 *
109.15 *

Ticker : JPY
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