USDJPY Mid-day Analysis 26 October 2016

Under Pressure

Our Pivot: 104.90

Our Preference: Short sell below 104.50 with strict stop loss of 104.90 and target at 103.85 and 103.50.

Alternate Scenario: Upward penetration of 104.90 will call for 105.20.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: