USD/JPY Intraday: The Upside Prevails.
Long Positions Above 120.55 With Targets @ 121.25 & 121.5 In Extension. ( 30/10/2015 03:31 )
Pivot: 120.55
Our preference: Long positions above 120.55 with targets @ 121.25 & 121.5 in extension.
Alternative scenario: Below 120.55 look for further downside with 120.15 & 119.95 as targets.
Comment: The RSI lacks downward momentum.
Supports and resistances:
121.75 **
121.5 ***
121.25 ***
120.9250 Last
120.55 ***
120.15 ***
119.95 **
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