JPY Trading Outlook (05-01-2016)

USD/JPY Intraday: caution.

Pivot: 119.6

Our preference: short positions below 119.6 with targets @ 118.6 & 118 in extension.

Alternative scenario: above 119.6 look for further upside with 119.95 & 120.45 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:
120.45 **
119.95 ***
119.6 **
119.398 Last
118.6 ***
118 ***
117.35 **

 

Back to JPY Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.