JPY Trading Outlook (11-03-2016)

USD/JPY Intraday: under pressure.

Pivot: 113.40

Our preference: short positions below 113.40 with targets @ 112.20 & 111.96 in extension.

Alternative scenario: above 113.40 look for further upside with 114.25 & 114.50 as targets.

Comment: the RSI is badly directed.

Supports and resistances:
114.50
114.25
113.40
112.93 Last
112.20
111.96
111.63

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