Date: 2016/07/13
Time: 11:18 (GMT +2)
Ticker: JPY
Last: 104.43
Pivot: 103.6
1st sup. 103.6
2nd sup. 102.85
3rd sup. 102.45
1st res. 105.0
2nd res. 105.3
3rd res. 106.1
Title: USD/JPY Intraday: bullish bias above 103.60.
Summary: Long positions above 103.60 with targets @ 105.00 & 105.30 in extension.
Story: Pivot: 103.60

Our preference: long positions above 103.60 with targets @ 105.00 & 105.30 in extension.

Alternative scenario: below 103.60 look for further downside with 102.85 & 102.45 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
106.10 *
105.30 **
105.00 **
104.43 Last
103.60 ***
102.85 **
102.45 *

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