Tanalys

USD/JPY Intraday: bullish bias above 120.6.

Pivot: 120.6

Our preference: Long positions above 120.6 with targets @ 121.28 121.6 in extension.

Alternative scenario: Below 120.6 look for further downside with 120.2 119.85 as targets.

Comment: A support base at 120.6 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

121.85 **

121.6 **

121.28 **

120.773 Last

120.6 ***

120.2 **

119.85 ***

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version