Tanalys

USD/JPY Intraday: bullish bias above 121.5.

Pivot: 121.5

Our preference: long positions above 121.5 with targets @ 122.3 122.7 in extension.

Alternative scenario: below 121.5 look for further downside with 121.2 120.9 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances:

123.05 ***

122.7 **

122.3 ***

121.814 Last

121.5 **

121.2 ***

120.9 ***

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version