JPY Trading Outlook (31-03-2016)
USD/JPY Intraday: under pressure.
Pivot: 112.85
Our preference: short positions below 112.85 with targets @ 112.05 & 111.60 in extension.
Alternative scenario: above 112.85 look for further upside with 113.20 & 113.45 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
113.45
113.20
112.85
112.45 Last
112.05
111.60
111.20