UncategorizedWeekly Analysis

USD/JPY Intraday: rebound expected.

Pivot: 108.50

Our preference: long positions above 108.50 with targets at 108.75 & 108.85 in extension.

Alternative scenario: below 108.50 look for further downside with 108.40 & 108.30 as targets.

Comment: the RSI calls for a rebound.

Supports and resistances:
108.95
108.85
108.75
108.66 Last
108.50
108.40
108.30

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