JPY Trading Outlook (03-03-2016)

USD/JPY Intraday: the upside prevails.

Pivot: 114.06

Our preference: short positions below 114.06 with targets @ 112.87 & 112.50 in extension.

Alternative scenario: above 114.06 look for further upside with 114.56 & 114.85 as targets.

Comment: the RSI calls for a drop.

Supports and resistances:
114.85
114.56
114.06
113.36 Last
112.87
112.50
112.13

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