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.
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