(10:55GMT) USD/JPY intraday: downturn expected
USDJPY: 1 week Trend: Sideway, 1 month Trend: UP
Pivot: 111.74
Our preference: Short @ 111.64 with targets @ 110.83 & 110.48 in extension.
Alternative scenario: Above 111.74 look for further upside with 112.24 & 112.75 as targets.
Comment: the 30-min RSI is posting a bearish divergence calling for a downturn.
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Regards
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