JPY Trading Outlook (08-07-2015)
USDJPY
Pivot: 122.9
Likely scenario: Short positions below 122.9 with targets @ 121.83 & 121.4 in extension.
Alternative scenario: Above 122.9 look for further upside with 123.35 & 123.7 as targets.
Comment: As long as the resistance at 122.9 is not surpassed, the risk of the break below 121.83 remains high.
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