USD/JPY Intraday:

2016-10-11

Pivot: 103.50

Our preference: long positions above 103.50 with targets at 104.20 & 104.50 in extension.

Alternative scenario: below 103.50 look for further downside with 103.05 & 102.75 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
104.85 **
104.50 ***
104.20 ***
103.61 Last
103.50 ***
103.05 ***
102.75 ***