JPY Trading Outlook (29-04-2016)

Trade USD/JPY Intraday: watch 107.60.

Pivot: 109.35

Our preference: short positions below 109.35 with targets @ 107.60 & 106.40 in extension.

Alternative scenario: above 109.35 look for further upside with 109.90 & 110.65 as targets.

Comment: a break below 107.60 would trigger a drop towards 106.40.

Supports and resistances:
110.65
109.90
109.35
108.14 Last
107.60
106.40
105.00

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