JPY Trading Outlook (27-01-2016)

USD/JPY Intraday: the upside prevails.

Pivot: 117.5

Our preference: long positions above 117.5 with targets @ 118.85 & 119.2 in extension.

Alternative scenario: below 117.5 look for further downside with 117.05 & 116.45 as targets.

Comment: the RSI is well directed.

Supports and resistances:

119.7 ***

119.2 ***

118.85 ***

118.473 Last

117.5 ***

117.05 **

116.45 ***

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