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

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