JPY Trading Outlook (07-04-2016)

USD/JPY Intraday: the downside prevails.

Pivot: 110.50

Our preference: short positions below 110.50 with targets @ 109.00 & 108.55 in extension.

Alternative scenario: above 110.50 look for further upside with 111.05 & 111.40 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
111.40
111.05
110.50
109.72 Last
109.00
108.55
108.15

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