JPY Trading Outlook (22-02-2016)

USD/JPY Intraday: the downside prevails.

Pivot: 113.20

Our preference: short positions below 113.20 with targets @ 112.35 & 111.65 in extension.

Alternative scenario: above 113.20 look for further upside with 113.65 & 114.15 as targets.

Comment: a break below 112.35 would trigger a drop towards 111.65.

Supports and resistances:
114.15
113.65
113.20
112.59 Last
112.35
111.65
111.00

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