JPY Trading Outlook (02-03-2016)
USD/JPY Intraday: the upside prevails.
Pivot: 112.92
Our preference: long positions above 112.92 with targets @ 114.50 & 114.85 in extension.
Alternative scenario: below 112.92 look for further downside with 112.50 & 111.95 as targets.
Comment: the RSI is badly directed.
Supports and resistances:
115.19
114.85
114.50
114.00 Last
112.92
112.50
111.95