Tanalys

USD/JPY Intraday: intraday support around 117.4.

Pivot: 117.4

Our preference: Long positions above 117.4 with targets @ 118.4 119 in extension.

Alternative scenario: Below 117.4 look for further downside with 116.75 116.35 as targets.

Comment: A support base at 117.4 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

119.7

119

118.4

117.76 Last

117.4

116.75

116.35

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version