USD/JPY Intraday: the upside prevails. 01 March 2017

Pivot: 112.70

Our preference: long positions above 112.70 with targets at 113.75 & 114.05 in extension.

Alternative scenario: below 112.70 look for further downside with 112.40 & 111.90 as targets.

Comment: the RSI advocates for further upside.