JPY Trading Outlook (19-05-2016)
Trade USD/JPY Intraday: further advance.
Pivot: 109.25
Our preference: long positions above 109.25 with targets @ 110.50 & 111.00 in extension.
Alternative scenario: below 109.25 look for further downside with 108.65 & 108.20 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
111.45
111.00
110.50
110.13 Last
109.25
108.65
108.20