USD/JPY Intraday: further advance. Long positions above 110.65 with targets at 111.75 & 112.20 in extension. Pivot: 110.65 Our preference: long positions above 110.65 with targets at 111.75 & 112.20 in extension. Alternative scenario: below 110.65 look for further downside with 110.25 & 109.95 as targets. Comment: the RSI shows upside momentum. Supports and resistances: 112.90 *** 112.20 *** 111.75 *** 111.20 Last 110.65 *** 110.25 *** 109.95 **
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Pivot: 113.95 Our preference: long positions above 113.95 with targets at 114.40 & 114.70 in extension. Alternative scenario: below 113.95 look for further downside with 113.60 & 113.40 as targets. Comment: the RSI lacks downward momentum. Supports and resistances: 115.00 ** 114.70 *** 114.40 ** 114.20 Last 113.95 *** 113.60 ***
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