JPY Trading Outlook (16-03-2016)
USD/JPY Intraday: under pressure.
Pivot: 113.50
Our preference: short positions below 113.50 with targets @ 112.20 & 111.60 in extension.
Alternative scenario: above 113.50 look for further upside with 114.15 & 114.55 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
114.55
114.15
113.50
113.03 Last
112.20
111.60
111.00