JPY Trading Outlook (30-07-2015)

USDJPY

Pivot: 123.7

Likely scenario: Long positions above 123.7 with targets @ 124.25 & 124.4 in extension.

Alternative scenario: Below 123.7 look for further downside with 123.5 & 123.3 as targets.

Comment: The RSI is bullish and calls for further upside.

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