JPY Trading Outlook (28-04-2016)

Trade USD/JPY Intraday: further advance.

Pivot: 110.75

Our preference: long positions above 110.75 with targets @ 111.80 & 112.45 in extension.

Alternative scenario: below 110.75 look for further downside with 110.25 & 109.90 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
113.00
112.45
111.80
111.49 Last
110.75
110.25
109.90

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