JPY Trading Outlook (30-03-2016)
USD/JPY Intraday: the downside prevails.
Pivot: 113.45
Our preference: short positions below 113.45 with targets @ 112.55 & 112.35 in extension.
Alternative scenario: above 113.45 look for further upside with 113.80 & 114.10 as targets.
Comment: a break below 112.55 would trigger a drop towards 112.35.
Supports and resistances:
114.10
113.80
113.45
112.72 Last
112.55
112.35
112.05