USD/JPY

2015-09-14

Pivot: 120.95

Our preference: Short positions below 120.95 with targets @ 119.9 & 119.6 in extension.

Alternative scenario: Above 120.95 look for further upside with 121.3 & 121.75 as targets.

Comment: As long as 120.95 is resistance, expect a return to 119.9. The pair has broken below its intraday rising trend line.

Supports and resistances:
121.75 **
121.3 ***
120.95 ***
120.4050 Last
119.9 **
119.6 ***
119.2 **