JPY Trading Outlook (28-04-2016)
Trade USD/JPY Intraday: further advance.
Pivot: 110.75
Our preference: long positions above 110.75 with targets @ 111.80 & 112.45 in extension.
Alternative scenario: below 110.75 look for further downside with 110.25 & 109.90 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
113.00
112.45
111.80
111.49 Last
110.75
110.25
109.90