USDJPY Intra-day Analysis 04 April 2016

Downside Prevails

Our Pivot: 112.02

Our Preference: Short sell below 111.59 with strict stop loss of 112.02 and target at 111.22 and 111.04.

Alternate Scenario: Upward penetration of 112.02 will call for 112.40 and 112.70.

NOTE: Moving in a bearish trend channel.

Chart with Supports and Resistances: