JPY Trading Outlook (03-08-2015)
USDJPY
Pivot: 124.15
Likely scenario: Short positions below 124.15 with targets @ 123.75 & 123.5 in extension.
Alternative scenario: Above 124.15 look for further upside with 124.35 & 124.6 as targets.
Comment: The upward potential is likely to be limited by the resistance at 124.15.
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