JPY Trading Outlook (03-03-2016)
USD/JPY Intraday: the upside prevails.
Pivot: 114.06
Our preference: short positions below 114.06 with targets @ 112.87 & 112.50 in extension.
Alternative scenario: above 114.06 look for further upside with 114.56 & 114.85 as targets.
Comment: the RSI calls for a drop.
Supports and resistances:
114.85
114.56
114.06
113.36 Last
112.87
112.50
112.13