JPY Trading Outlook (19-02-2016)

USD/JPY Intraday: rebound expected.

Pivot: 113.55

Our preference: long positions above 113.55 with targets @ 114.52 & 114.90 in extension.

Alternative scenario: below 113.55 look for further downside with 113.00 & 112.35 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
115.25 ***
114.90 ***
114.52 ***
114.08 Last
113.55 ***
113.00 ***
112.35 **

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