JPY Trading Outlook (01-04-2016)
USD/JPY Intraday: key resistance at 112.85
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: as long as 112.85 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
113.45
113.20
112.85
112.55 Last
112.05
111.60
111.20