Wednesday, 3 May 2017

USD/JPY Intraday 04 May 2017

USD/JPY Intraday: the bias remains bullish.
Pivot: 112.25

Most likely scenario: long positions above 112.25 with targets at 112.90 & 113.15 in extension.

Alternative scenario: below 112.25 look for further downside with 111.95 & 111.75 as targets.

Comment: technically the RSI is above its neutrality area at 50.

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