JPY Trading Outlook (26-02-2016)
USD/JPY Intraday: the upside prevails
Pivot: 111.95
Our preference: long positions above 111.95 with targets @ 113.05 & 113.35 in extension.
Alternative scenario: below 111.95 look for further downside with 111.30 & 111.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
113.60
113.35
113.05
112.90 Last
111.95
111.30
111.00