Tanalys

USD/JPY Intraday: the downside prevails.

Pivot: 104.7

Our preference: Short positions below 104.7 with targets @ 103.7 103.4 in extension.

Alternative scenario: Above 104.7 look for further upside with 105.05 105.4 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

105.4

105.05

104.7

103.99 Last

103.7

103.4

103.1

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version