JPY Trading Outlook (28-03-2016)
USD/JPY Intraday: the upside prevails.
Pivot: 112.35
Our preference: long positions above 112.35 with targets @ 113.30 & 113.80 in extension.
Alternative scenario: below 112.35 look for further downside with 111.75 & 111.35 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
114.10
113.80
113.30
112.71 Last
112.35
111.75
111.35