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

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