JPY Trading Outlook (12-04-2016)

Trade USD/JPY Intraday: the downside prevails.

Pivot: 108.50

Our preference: short positions below 108.50 with targets @ 107.60 & 107.00 in extension.

Alternative scenario: above 108.50 look for further upside with 109.15 & 109.95 as targets.

Comment: as long as 108.50 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
109.95
109.15
108.50
107.98 Last
107.60
107.00
106.15

Ticker : JPY
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