Trading-Log
Long

USD/JPY Intraday: 108.70 in sight.

FX:USDJPY   U.S. Dollar/Japanese Yen
39 1 0
Pivot: 107.40

Our preference: long positions above 107.40 with targets @ 108.70 & 109.25 in extension.

Alternative scenario: below 107.40 look for further downside with 107.00 & 106.50 as targets.

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

Supports and resistances:
109.90
109.25
108.70
108.618 Last
107.40
107.00
106.50
Target hit
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