JPY Trading Outlook (11-04-2016)

Trade USD/JPY Intraday: under pressure.

Pivot: 109.30

Our preference: short positions below 109.30 with targets @ 107.70 & 107.00 in extension.

Alternative scenario: above 109.30 look for further upside with 109.95 & 110.50 as targets.

Comment: a break below 107.70 would trigger a drop towards 107.00.

Supports and resistances:
110.50
109.95
109.30
108.25 Last
107.70
107.00
106.15

Ticker : JPY
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