JPY Trading Outlook (09-03-2016)
USD/JPY Intraday: under pressure.
Pivot: 113.25
Our preference: short positions below 113.25 with targets @ 112.10 & 111.85 in extension.
Alternative scenario: above 113.25 look for further upside with 113.50 & 113.80 as targets.
Comment: the RSI is mixed to bearish. The pair has validated a continuation triangle pattern.
Supports and resistances:
113.80
113.50
113.25
112.56 Last
112.10
111.85
111.60