JPY Trading Outlook (15-07-2015)

USDJPY

Pivot: 122.85

Likely scenario: Long positions above 122.85 with targets @ 123.75 & 124 in extension.

Alternative scenario: Below 122.85 look for further downside with 122.4 & 122 as targets.

Comment: The RSI is well directed.

jpy 15-7-15

 

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