USDJPY Daily Chart : Further Downside.
Pivot : 115.50
Preference : short positions below 115.50 with targets at 109.75 & 107.40 in extension.
Alternative scenario: above 115.50 look for further upside with 118.50 & 121.75 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
121.75 **
118.50 ***
115.50 ***
112.50 Last
109.75 **
107.40 ***
105.50 ***
Preference : short positions below 115.50 with targets at 109.75 & 107.40 in extension.
Alternative scenario: above 115.50 look for further upside with 118.50 & 121.75 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
121.75 **
118.50 ***
115.50 ***
112.50 Last
109.75 **
107.40 ***
105.50 ***