JPY Trading Outlook (17-02-2016)

USD/JPY Intraday: rebound.

Pivot: 113.70

Our preference: long positions above 113.70 with targets @ 114.90 & 115.25 in extension.

Alternative scenario: below 113.70 look for further downside with 113.00 & 112.35 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances:
115.85 ***
115.25 ***
114.90 ***
114.15 Last
113.70 ***
113.00 **
112.35 **

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