USD/JPY Intraday: bullish bias above 113.95. Summary: Long positions above 113.95 with targets at 114.40 & 114.70 in extension. Story:
USD/JPY Intraday: bullish bias above 113.95. Summary: Long positions above 113.95 with targets at 114.40 & 114.70 in extension. Story:
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 ***