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

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