JPY Trading Outlook (29-03-2016)
USD/JPY Intraday: the bias remains bullish.
Pivot: 113.15
Our preference: long positions above 113.15 with targets @ 113.70 & 114.10 in extension.
Alternative scenario: below 113.15 look for further downside with 112.85 & 112.35 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
114.50
114.10
113.70
113.48 Last
113.15
112.85
112.35