JPY Trading Outlook (29-04-2016)
Trade USD/JPY Intraday: watch 107.60.
Pivot: 109.35
Our preference: short positions below 109.35 with targets @ 107.60 & 106.40 in extension.
Alternative scenario: above 109.35 look for further upside with 109.90 & 110.65 as targets.
Comment: a break below 107.60 would trigger a drop towards 106.40.
Supports and resistances:
110.65
109.90
109.35
108.14 Last
107.60
106.40
105.00