JPY Trading Outlook (22-07-2015)

 

USDJPY

Pivot: 124

Likely scenario: Short positions below 124 with targets @ 123.35 & 123.15 in extension.

Alternative scenario: Above 124 look for further upside with 124.25 & 124.5 as targets.

Comment: The RSI has broken down its 30 level.

jpy2

 

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