USDJPY Intra-day Analysis 06 April 2016

Downside Prevails

Our Pivot: 111.04

Our Preference: Short sell below 110.49 with strict stop loss of 111.04 and target at 109.92 and 109.65.

Alternate Scenario: Upward penetration of 111.04 will call for 111.77 and 112.00.

NOTE: Moving in a bearish trend channel and caped by a negative trend line.

Chart with Supports and Resistances: