JPY Trading Outlook (23-03-2016)
USD/JPY Intraday: further advance.
Pivot: 111.35
Our preference: long positions above 111.35 with targets @ 112.95 & 113.30 in extension.
Alternative scenario: below 111.35 look for further downside with 111.00 & 110.65 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
113.80
113.30
112.95
112.23 Last
111.35
111.00
110.65