JPY Trading Outlook (18-04-2016)

Trade USD/JPY Intraday: watch 107.75

Pivot: 109.05

Our preference: short positions below 109.05 with targets @ 107.75 & 107.30 in extension.

Alternative scenario: above 109.05 look for further upside with 109.45 & 109.74 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
109.74
109.45
109.05
108.00 Last
107.75
107.30
107.00

 

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