8111116 11/14/2017 7:30 PM, USD/JPY Intraday: the upside prevails.


Pivot: 113.40


Our preference:

long positions above 113.40 with targets at 113.90 & 114.05 in extension.


Alternative scenario:

below 113.40 look for further downside with 113.20 & 113.05 as targets.


Comment:

the RSI lacks downward momentum.


Supports and resistances:


114.30 ***

114.05 ***

113.90 ***


113.70

Last

113.40 **

113.20 *

113.05 **