JPY Trading Outlook (08-03-2016)
USD/JPY Intraday: turning down.
Pivot: 113.50
Our preference: short positions below 113.50 with targets @ 112.50 & 112.10 in extension.
Alternative scenario: above 113.50 look for further upside with 114.25 & 114.55 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
114.55
114.25
113.50
112.90 Last
112.50
112.10
111.60