JPY Trading Outlook (21-07-2015)

 

USDJPY

Pivot: 123.9

Likely scenario: Long positions above 123.9 with targets @ 124.6 & 124.9 in extension.

Alternative scenario: Below 123.9 look for further downside with 123.7 & 123.35 as targets.

Comment: The RSI is supported by a rising trend line.

jpy

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