JPY Trading Outlook (26-02-2016)

USD/JPY Intraday: the upside prevails

Pivot: 111.95

Our preference: long positions above 111.95 with targets @ 113.05 & 113.35 in extension.

Alternative scenario: below 111.95 look for further downside with 111.30 & 111.00 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
113.60
113.35
113.05
112.90 Last
111.95
111.30
111.00

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