Tanalys

USD/JPY Intraday: bullish bias above 119.55.

Pivot: 119.55

Our preference: Long positions above 119.55 with targets @ 120.35 120.65 in extension.

Alternative scenario: Below 119.55 look for further downside with 119.2 119 as targets.

Comment: A support base at 119.55 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

120.95 **

120.65 **

120.35 ***

119.84 Last

119.55 **

119.2 ***

119 ***

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version