JPY Trading Outlook (25-02-2016)
USD/JPY Intraday: key resistance at 112.25.
Pivot: 112.25
Our preference: short positions below 112.25 with targets @ 111.60 & 111.00 in extension.
Alternative scenario: above 112.25 look for further upside with 112.70 & 113.35 as targets.
Comment: the upward potential is likely to be limited by the resistance at 112.25.
Supports and resistances:
113.35
112.70
112.25
111.96 Last
111.60
111.00
110.50