JPY Trading Outlook (24-07-2015)

 

USDJPY

Pivot: 124.15

Likely scenario: Short positions below 124.15 with targets @ 123.7 & 123.55 in extension.

Alternative scenario: Above 124.15 look for further upside with 124.45 & 124.7 as targets.

Comment: As long as 124.15 is resistance, look for choppy price action with a bearish bias.

jpy2

 

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