JPY Trading Outlook (06-04-2016)

USD/JPY Intraday: capped by a negative trend line.

Pivot: 111.05

Our preference: short positions below 111.05 with targets @ 109.50 & 109.00 in extension.

Alternative scenario: above 111.05 look for further upside with 111.40 & 111.75 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:
111.75
111.40
111.05
110.43 Last
109.50
109.00
107.70

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