USD/JPY

2015-09-11

Pivot: 120.4

Our preference: Long @ 120.80 with targets @ 121.30 & 121.75 in extension.

Alternative scenario: Below 120.4 look for further downside with 119.9 & 119.6 as targets.

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

Supports and resistances:
122 ***
121.75 ***
121.30 ***
120.80 Last
120.4 **
119.9 ***
119.6 *