JPY Trading Outlook (28-07-2015)
USDJPY
Pivot: 123.65
Likely scenario: Short positions below 123.65 with targets @ 123 & 122.7 in extension.
Alternative scenario: Above 123.65 look for further upside with 123.85 & 124.15 as targets.
Comment: As long as 123.65 is resistance, look for choppy price action with a bearish bias.
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