JPY Trading Outlook (31-03-2016)

USD/JPY Intraday: under pressure.

Pivot: 112.85

Our preference: short positions below 112.85 with targets @ 112.05 & 111.60 in extension.

Alternative scenario: above 112.85 look for further upside with 113.20 & 113.45 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
113.45
113.20
112.85
112.45 Last
112.05
111.60
111.20

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